Technical Analysis For Zinc Today 30-08-2019 12:00:04


In 1 hour chart Zinc price continues to trade at 180.4 and below the (Exponential Moving Average)EMA200 value of 183.483 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 183.483 is proving a tough nut to crack.

Pivot (invalidation): 180.8

Our preference: Long positions above 181.7

Alternative scenario: Below 179.5 look for further downside.

Support Resistance Levels For Zinc Today at 30-08-2019 12:00:04

Pivot: 180.8

Resistance 1: 181.7

Resistance 2: 183

Resistance 3: 183.9

Support 1: 179.5

Support 2: 178.6

Support 3: 177.3

Yesterday High Low Close For Zinc

Yesterday High: 182.1

Yesterday Low: 179.9

Yesterday Close: 180.4

Today at 30-08-2019 12:00:04 Zinc trading at 180.4 with high of 180.95 and low of 180.25

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