LME Zinc and Elliott Wave Counts

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 LME Zinc weekly chart


As seen in the above chart, prices are moving in a higher highs and higher lows and precisely moving in a rising channel thereby indicating that the trend is positive. Prices recently has bounced from the support of the channel and has also given a bullish break in the recent falling price which now opens positive possibilities.

Prices can move higher from here can test the previous swing high of 3300 levels which will terminate wave C ion the higher side. 

The bias is positive for medium term perspective for LME Zinc prices as it can test 3300 levels with stoploss at 2731 levels.

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