Zinc on the brink of major downward move

Zinc on the brink of major downward move. Last night the 3 month LME zinc price held key technical support by a very narrow margin. Failure to hold this support on a closing basis would generate a technical sell signal. The 3 month LME nickel price also has the potential to generate a technical sell signal. Over the last 3 weeks, the spot gold price has generated a secondary technical sell signal, and the 3 month LME copper price generated a sell signal. It would be a technically negative indicator for the metal sector outlook if the major metal prices generate sell signals in rapid succession. Metals have the potential to emerge as negative technical sector theme.