Technical Analysis For Zinc Today 16-07-2019 12:00:03

In 1 hour chart Zinc price continues to trade at 193.95 and below the (Exponential Moving Average)EMA200 value of 195.52 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell 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 195.52 is proving a tough nut to crack.

Pivot (invalidation): 193.9

Our preference: Long positions above 194.8

Alternative scenario: Below 193.1 look for further downside.

Support Resistance Levels For Zinc Today at 16-07-2019 12:00:03

Pivot: 193.9

Resistance 1: 194.8

Resistance 2: 195.6

Resistance 3: 196.5

Support 1: 193.1

Support 2: 192.2

Support 3: 191.4

Yesterday High Low Close For Zinc

Yesterday High: 194.7

Yesterday Low: 193

Yesterday Close: 194

Today at 16-07-2019 12:00:03 Zinc trading at 193.95 with high of 194.15 and low of 193.4

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