CZXMF - Zinc Is Preparing To Turn Higher
Zinc Charts
I like to look at the MONTHLY price charts for stocks and commodities because it tends to reflect the long-term trend well. Let's start with the MONTHLY chart for zinc:
click to enlarge chart courtesy of barchart.com
You can see here that zinc has been in a raging bull market since January 2016. The price has corrected during the 1st quarter of 2018 and the price now rests right below the lower MONTHLY trendline. In a bull market, this commonly represents the bottom and the price will soon revert higher until there is