Zinc Market Deficit Expected

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zinc market

Barchart

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Business

Business & Economics

Cocoa Prices Are Stuck Against Key Resistance Levels. Is a Breakout Possible Here?

Summary

Nutrition label

77% Informative

Zinc market shifted from a slight surplus in early 2024 to an estimated 164 kt deficit, and forecasts now expect a return to surplus in 2025 .

Cocoa found its support at 5,350 , marking a turning point on June 20 and starting an uptrend.

Crude oil prices have crashed in the last 5 sessions and Dutch TTF gas is now trading well below the 10 , 20 and 50 EMAs.

Given the technicals and fundamental background, if the Middle East conflict remains under control, bear positions will have an edge. On the date of publication, Cesar Marconetti did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com .

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formal

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English

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not hateful