I want to know why did zinc fut price increase even after Trump imposed tariffs, also there was an increase in Lme inventory level?
- Zinc Fut price was in oversold territory
- Later Trump exempted Canada & Mexico from tariff"s , may be that reason , short seller’s covered their shorts
So does this mean we can expect zinc to climb further with some correction on Monday as it ended Friday in oversold territory (intraday)
Well i think Zinc is in a pull back rally ( medium term chart 's for Zinc is still negative ) up to 220 level .
and yes on Monday with some correction ( its over bought not oversold territory on intra day ) i assume Zinc can rally up to 220 level .