Archive · 17 Jun 2025
Zinc Futures: Bearish Trend Expected to Continue
Imagine the price of zinc like a rollercoaster.
Since May, it's been going down.
Right now, it's around ₹252.
Experts think it will likely keep falling to about ₹243.
If it goes below that, it could drop even further.
If the price goes up, it may face hurdles at ₹256 and ₹262.
The overall feeling is that the price will go down.
Zinc futures have been declining since May 23.
The price is currently trading around ₹252/kg.
The contract is below both 21- and 50-day moving averages.
Nearest support is ₹246, with potential to fall to ₹243.
Resistance levels are at ₹256 and ₹262 if the trendline is broken.
- Who
- N/A
- What
- Analysis of zinc futures price.
- When
- Analysis published on June 17, 2025.
- Where
- N/A
- Why
- To inform potential traders about possible price movements.
Sellers
Buyers
Trading Strategy
Sellers
Short zinc futures at ₹252.50.
Buyers
N/A
- Current Price
- ₹252/kg
- Support Levels
- ₹246, ₹243, ₹233
- Resistance Levels
- ₹256, ₹262
- Moving Averages
- Below 21- and 50-day