MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
Title: ZINC Futures ( ZINC1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 291.70
Pivot: 277.30
Support: 263.15
Preferred case: Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading...
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
Watch the Forks!
The long term indication (Weekly) is clearly up.
On the daily chart, price holds exactly at the Centerline/Medianline.
If they can manage to hold this area, and build up a nice position, then I see high chances that price will rocket up even higher than the last High (3)
Let's stalk this market and see if we can hop on the back of the Whales.
P!
More and more metal smelters are falling victim to the European energy crisis. Last week, Nyrstar, a large European zinc smelter, announced it would shutter production at its Dutch Budel facility from 1 September 2022 and Norsk Hydro, a significant aluminium producer in Norway, said it will close its Slovakian smelter around the same time.
Aluminium is one of the...
Type : Bullish Rise
Resistance : 341.40
Pivot: 330.20
Support : 317.70
Preferred Case: On the H4, with price moving within a bullish channel as well as above the ichimoku indicator, we have a bullish bias that price may rise to our pivot at 330.20, where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, we would...
Type : Bullish Rise
Resistance : 322.8
Pivot: 317.7
Support : 313.65
Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out of the descending trendline which supports our bullish bias that price will rise from the pivot at 317.7 where the pullback support is to the 1st resistance at 322.8 in line with the swing high resistance,...
Type : Bearish Momentum
Resistance : 333.95
Pivot: 329.95
Support : 317.75
Preferred Case: On the H1, price is moving below the ichimoku cloud and has broken out from the ascending trendline which supports our bearish bias that price will drop from our pivot at 329.95 in line with the overlap resistance and 38.2% fibonacci retracement to the 1st support at 317.75...
New Century Resources steps into optimistic times.
With the equity raise done, they are practically debt free, shortly before break even, Zinc prices are high and treatment charges are low, considering paying dividend, consolidated the share price to a better looking number, likely starting to mine copper is Tasmania soon, discovered more resources on their...
A break down of the rising bearish wedge (on low volume) is a huge warning shot fired. The measured move is 30 cents. I think a head and shoulders forms.
I bring this chart up all the time to show the potential for a very impulsive catch-up to the price of copper with this stock. Looks like a probable double. That's a spring-loaded, dividend-paying, 21-billion market cap (CAD)
NCZ is now somewhere around 12th largest zinc miner in the world so it's worth comparing with the top zinc miners. Chart starts at COVID stock recovery date.
High volatility but catching up.. Can't wait till the announcement of starting to mine Copper in Tasmania.
Will the price reach the green line before the next quarterly earnings meeting? Bets please
MCX - Zinc offers 2 opportunity to ride the bullish trend. From the seasonality historical data, it has been always witnessed that by the end of November price starts accumulating demand the demands of the market.
As represented in the above chart, wait for the price to come near our area of interest and wait for other bullish conformations.
