Zinc Prices Tumble on Profit Booking After Raw Material Squeeze
Zinc prices fell due to profit booking.
Raw Material Squeeze Boosts Zinc Prices Temporarily
Supply chain disruptions impacted zinc prices.
Expert Trading Tips and Analysis for Zinc, Gold, Silver, Crude Oil, and Natural Gas
- Zinc Trading Tips: Sell zinc futures.
- Gold Trading Tips: Monitor gold prices.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Buy on dips.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Zinc prices fell 2.5% to $2,430/ton
- LME zinc inventories decreased 5,000 tons
- Chinese zinc imports rose 10%
Market Outlook:
The current market sentiment is bearish for zinc.
Technical Analysis: Zinc Prices
- Support levels: $2,400, $2,350
- Resistance levels: $2,500, $2,550
What’s Next for Zinc Prices?
Investors await supply chain updates.
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Additional Sections:
How to Trade Zinc Amid Raw Material Squeeze
Impact of Supply Chain Disruptions on Zinc Markets