Zinc futures have seen a steady rise over the past few weeks, but the price now appears to be encountering significant resistance. Despite the recent gains, the market is struggling to break free from a narrow trading range.
On a broader scale, the price of zinc futures has been moving sideways, fluctuating within a defined range. This price consolidation suggests that while there is upward momentum, it is currently being capped by resistance levels that are preventing a breakout to higher levels.
Traders will be closely watching for any signs of a breakout or breakdown in the coming sessions. A move above the current resistance could signal further gains, while failure to surpass these levels may lead to a continuation of the sideways trading pattern.
