Zinc Future Price Forecast for Next Week

Zinc Price Forecast for Next Week (3rd - 7th November 2025)

Zinc futures traded higher during the week and managed to hold strong around 300.60 on closing. Price continued to trend upwards, sustaining above key moving averages, reflecting persistent bullish momentum despite mild consolidation at higher levels. Supply concerns and firm global base metal cues continued to lend underlying support to the market.

Zinc futures have maintained a moderately bullish stance after testing highs of 302.70. Price action continues to respect the ascending trendline with immediate support levels placed at 295 and 285, while resistance is seen at 303.50 and 314. As long as prices hold above 295, the short-term trend remains positive; however, traders should stay cautious and avoid fresh entries near resistance levels, where profit booking pressure could emerge.

The RSI is at 68.86, reflecting strong momentum but signaling that zinc is approaching overbought territory. MACD remains in positive territory, with the MACD line above the signal line and histogram bars supporting ongoing bullish momentum. Major moving averages (20, 50, 100, 200 DEMA) placed at 293.6, 285.4, 278 and 272.7 respectively, are in bullish alignment and continue to provide dynamic support to the current trend.

Overall, we maintain a moderately bullish outlook for the coming sessions while expecting consolidation or minor correction near the upper range. Traders may prefer to wait for dips towards support levels before initiating fresh long positions.

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