Technical Analysis For Zinc Today 11-07-2019 17:00:03

by wealthmann

July 11, 2019

57

In 1 hour chart Zinc price continues to trade at 192.55 and below the (Exponential Moving Average)EMA200 value of 196.491 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Zinc continues to trade below level, that could be an extraordinarily Bearish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 196.491 is proving a tough nut to crack.

Pivot (invalidation): 192.4

Our preference: Long positions above 193.4

Alternative scenario: Below 191.7 look for further downside.

Support Resistance Levels For Zinc Today at 11-07-2019 17:00:03

Pivot: 192.4

Resistance 1: 193.4

Resistance 2: 194.1

Resistance 3: 195.1

Support 1: 191.7

Support 2: 190.7

Support 3: 190

Yesterday High Low Close For Zinc

Yesterday High: 193.1

Yesterday Low: 191.4

Yesterday Close: 192.7

Today at 11-07-2019 17:00:03 Zinc trading at 192.55 with high of 193.25 and low of 191.8