ZINC Futures ( ZINC1!), H4 Potential for Bullish Rise
Title: ZINC Futures ( ZINC1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 291.70
Pivot: 277.30
Support: 263.15
Preferred case: Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 291.70, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 277.30, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 291.70
Pivot: 277.30
Support: 263.15
Preferred case: Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 291.70, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 277.30, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results