Technical Analysis For Zinc Today 12-07-2019 20:00:04

by wealthmann

July 12, 2019

87

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