Zinc Breaking Out from 7.5 Year Range
Ø Zinc is breaking out from a key inflection level dating back to 2009.
Ø The breakout is backed by a momentum thrust with RSI and MACD breaking out to nearly 10 year highs.
Ø Depth of the 7.5 year range measures conservatively to a technical target of $3,850/t ($1.75/lb).
Ø Trevali Resources remains our favourite way to play the zinc space. Nevsun Resources also looks poised for further upside.
From Paradigm Capital
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MasterMetals 