Gann, I am beginning to subscribe to your theory of adulterated supply and demand factors for this commodity even more!
Zinc is looking more short-term bearish with each passing day! Looking for a break of support in the high $1.40's and this baby is heading for targets around $1.30 to $1.10..... before resuming its uptrend if these figures hold! Currently down at $1.55 - $1.56 (off 1.43%) and getting closer to that danger area!
This is based on the primary cycle run from the mid 50c area. Lower numbers come in when focusing on larger cycles!
Wondering if a bullish copper price will come to the base metals rescue (including Ni) but until that happens we have to work with what conditions are presenting themselves today!
What are your thoughts Gann??
Trade safe!
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$2,575.9 |
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