Zinc failed to reach 1938/42 resistance & broke 1920 to reach the
1904 level. A bounce from here is possible back up to 1920 but perhaps
no further. If we do push on look for 1932 with any further gains likely
to target 1938/42 resistance. Here we should run in to selling pressure
so we could try shorts with a stop above 1948 as a break higher could
then target 1964.
A break below the 1904 level should target 1893. We can look for a bounce from here but any longs would need a stop below 1185 for 1876/71.
http://www.fxempire.com/technical/technical-analysis-reports/zinc-lme-daily-forecast-11-april-2013/
A break below the 1904 level should target 1893. We can look for a bounce from here but any longs would need a stop below 1185 for 1876/71.
http://www.fxempire.com/technical/technical-analysis-reports/zinc-lme-daily-forecast-11-april-2013/
