![](https://2.bp.blogspot.com/-8Ptv-HDz9_4/WcFI6YiueFI/AAAAAAAAVV4/FYV1Pt9qUwQTrbwVwsTr4vFYqeBAwSEggCLcBGAs/s1600-rw/zinc.jpg)
Adjacent chart shows price movement of MCX Zinc continuous contract. It was trading in a rising channel. However, in Tuesday’s trading session, Zinc closed below the lower end of the rising channel. The short term uptrend has reversed and rise towards 205 – 208.50 can be considered as a selling opportunity. On the way down, it is likely to drift lower towards 196 – 191 in the coming trading sessions. The momentum indicator is in negative mode.
![](https://2.bp.blogspot.com/-l0kLTq9002Q/WedGMp842dI/AAAAAAAAVf8/sRpuZQZw1S8QmbrmGrFIrEqs2vdLhBGwACLcBGAs/s1600-rw/Chart101.jpg)