#ZINC FUT SUPPLY ZONEZINC futures are financial contracts that allow traders to buy or sell zinc at a predetermined price and date in the future. These contracts are traded on commodity exchanges and are used by investors to hedge against price fluctuations or to speculate on the price movements of zinc.
Zinc Futures
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#ZINC FUT DEMAND ZONEA Zinc Futures Demand Zone refers to a specific price level or area on a chart where buying interest in Zinc Futures is significantly strong, leading to a potential reversal or pause in a downtrend. This concept is widely used in technical analysis by traders to identify key levels where the price o
ZINC - Seems it breaks monthly supportThe lanted green support line has a crack.
It's a first indication of a turn in mid-term trend.
Long term Medianline view on ZINC shows that price is battling at the L-MHL. If we get a weekly close and new open below it, it's ripe for a short.
At least I will stalk it on the daily.
PTG1 is the Cen
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Zinc Futures this number is 2.66 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Zinc Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Zinc Futures. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Zinc Futures technicals for a more comprehensive analysis.