May. 28 at 5:51 AM
$ZINC $ZNC.TSX
$ZAIRF $ZCRMF $HINDZINC.NSE
Commodity Name: ZINC
-> Base metals rise on global rate cut prospects and weaker dollar.
LME copper jumps 2%.
LME aluminium climbs 1.6%.
Nickel, zinc, lead, and tin see gains on both LME and SHFE.
ECB hints at possible rate cuts as inflation slows, boosting metal prices.
-> Technical: Price broke the Symmetrical Triangle as well as Previous swing high with good amount of volume which shows the strength of buyers.
-> Both Techno-Funda looks good.