Zinc back above $1.70/lb... interestingly after the "Red Kite" shock back in early January when the Zinc price fell 10% in one night on the LME from approx $1.85-$1.65 the Zinc price settled at $1.70 in the preceding two weeks. Technically speaking one could suggest that once the market closes above $1.70 we could very quickly see a leg up to the $1.85-$1.90+ pre-"Red Kite" price level.
I think we could see a PRICE EXPLOSION very shortly but as we all know anything can happen...
price explosion maybe, page-7
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