Elliot Wave Analysis: Zinc Future Overview

  1. 1,719 Posts.
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    As we're approching to end a Flat Correction Pattern, there's a chance to have an Ending Diagonal Pattern through Leg "C" of the Flat Correction.
    Zinc prices are heading to strong support levels around $2560 up to $2600 where we have indicators at minimum levels that signals a short-term bullish rally.
    If the trend can't reach above resistance zone at $2800, we might have another short-term corrective sub-wave "5" to complete Flat Correction.
    Anyway , there's a possible good rally for zinc later at the end of this month or beginning of May to conqure again $3000 price levels or even more.


    Zinc Future H4 Chart


    By Sina Soleymani Commodities Apr 10, 2017 03:12PM ET

    Looks as if it is a wait and see ......

    cheers..

    https://www.investing.com/analysis/elliot-wave-analysis-:-zinc-future-overview-200182081
 
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