Technical Analysis For Zinc Today 17-07-2019 15:00:04

by wealthmann

July 17, 2019

85

In 1 hour chart Zinc price continues to trade at 194.3 and below the (Exponential Moving Average)EMA200 value of 195.363 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 195.363 is proving a tough nut to crack.

Pivot (invalidation): 194.483

Our preference: Long positions above 195.567

Alternative scenario: Below 193.267 look for further downside.

Support Resistance Levels For Zinc Today at 17-07-2019 15:00:04

Pivot: 194.483

Resistance 1: 195.567

Resistance 2: 196.783

Resistance 3: 197.867

Support 1: 193.267

Support 2: 192.183

Support 3: 190.967

Yesterday High Low Close For Zinc

Yesterday High: 195.7

Yesterday Low: 193.4

Yesterday Close: 194.35

Today at 17-07-2019 15:00:04 Zinc trading at 194.3 with high of 194.8 and low of 193.9