Technical Analysis For Zinc Today 12-07-2019 20:00:04
In 1 hour chart Zinc price continues to trade at 193.1 and below the (Exponential Moving Average)EMA200 value of 195.881 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 195.881 is proving a tough nut to crack.
Pivot (invalidation): 192.783
Our preference: Long positions above 193.767
Alternative scenario: Below 191.217 look for further downside.
Support Resistance Levels For Zinc Today at 12-07-2019 20:00:04
Pivot: 192.783
Resistance 1: 193.767
Resistance 2: 195.333
Resistance 3: 196.317
Support 1: 191.217
Support 2: 190.233
Support 3: 188.667
Yesterday High Low Close For Zinc
Yesterday High: 194.35
Yesterday Low: 191.8
Yesterday Close: 192.2
Today at 12-07-2019 20:00:04 Zinc trading at 193.1 with high of 193.45 and low of 191.85
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