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The Hindu Business Line

Zinc July futures rebound to ₹374/kg, eyeing ₹390 after clearing ₹372

AI Market Summary
Zinc futures have rebounded from the ₹350 support zone, breaking trendline resistance near ₹367 and clearing the psychological ₹372 level while holding above 21- and 50-day moving averages. The technical setup signals strengthening upside momentum and near-term bullish bias, with key support now concentrated in the ₹367–₹363 area; a breakdown below ₹363 would undermine the uptrend.
Impact level
● Low
Affected assets
NCCOZINC2USD/USDT+0.11%
AI Insight · NCCOZINC2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Zinc futures (July) rebounded from support at ₹350 and moved above the trendline resistance at ₹367 and the psychological level at ₹372. The contract is trading around ₹374/kg and is holding above its 21-day and 50-day moving averages. The chart setup points to a move toward ₹390, with a potential extension to ₹400 if ₹390 is breached. Support is seen in the ₹367–₹363 zone, and a break below ₹363 could open the way to ₹357–₹350.
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