Zinc May Advance to $1,974 on Retracement: Technical Analysis
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Zinc may climb to about $1,974 a metric ton, the highest since March, as the metal has held above a key support level at $1,812, according to technical analysis by Commerzbank AG.
“Zinc has seen yet another rebound off the major support zone,” Karen Jones and Axel Rudolph, London-based technical analysts, said in a July 10 report. “The market clearly is not ready to break lower.”