US Retail Data Falls More Than Expected, Zinc Prices Jump Initially and Then Pull Back [SMM Morning Meeting Notes]
- feb 17, 2025, at 8:54 am
[SMM Morning Meeting Summary: US Retail Data Fell More Than Expected, Zinc Prices Jumped Initially and Then Pulled Back] Last Friday, LME zinc recorded a long upper shadow bullish candlestick, with the 20-day moving average forming resistance above and the 10-day moving average providing support below. Last Friday, US January retail sales plunged by 0.9%, marking the largest drop in nearly two years, and LME zinc jumped initially and then pulled back.
