Technical Analysis For Zinc Today 29-08-2019 22:00:04


In 1 hour chart Zinc price continues to trade at 180.95 and below the (Exponential Moving Average)EMA200 value of 183.633 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 183.633 is proving a tough nut to crack.

Pivot (invalidation): 181.167

Our preference: Long positions above 182.383

Alternative scenario: Below 179.833 look for further downside.

Support Resistance Levels For Zinc Today at 29-08-2019 22:00:04

Pivot: 181.167

Resistance 1: 182.383

Resistance 2: 183.717

Resistance 3: 184.933

Support 1: 179.833

Support 2: 178.617

Support 3: 177.283

Yesterday High Low Close For Zinc

Yesterday High: 182.5

Yesterday Low: 179.95

Yesterday Close: 181.05

Today at 29-08-2019 22:00:04 Zinc trading at 180.95 with high of 182.1 and low of 180.8

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.