Zinc Aug Daily Chart Has Formed “Falling channel” Pattern

Zinc Aug daily chart has formed “Falling channel” pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel.

The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 187.50. 

The downside rally could be testing all the way through 186-184 level in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 194 level. 

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