Dated 17/08/2017
ZINC C1 Chart View (Monthly):
The historical peak was 208.30 formed in November 2006.
In 2016, the peak was 20420.
Further correction to 156 was seen till June 2017.
Expect the earlier peak of 204-208 to be tested.
In the event of a sustained rise and close above 208 expect a rally to 234, 280 and 307 could be tested in short term , medium term and long term.
Support will be at 191-183-175.
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Further breakout and close above 208 in days to come could get a bull market rally.
Conclusion
Preparation for bull market as uptrend is likely to get converted to bull market.
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