Zinc Trend Today Technical Analysis for 05-11-2019 15:00:04


In 1 hour chart Zinc price continues to trade at 191.45 and above the (Exponential Moving Average)EMA200 value of 187.33 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Zinc continues to trade above level, that could be an extraordinarily Bullish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 187.33 is proving a tough nut to crack.

Pivot (invalidation): 190.833

Our preference: Long positions above 191.917

Alternative scenario: Below 189.917 look for further downside.

Support Resistance Levels For Zinc Today at 05-11-2019 15:00:04

Pivot: 190.833

Resistance 1: 191.917

Resistance 2: 192.833

Resistance 3: 193.917

Support 1: 189.917

Support 2: 188.833

Support 3: 187.917

Yesterday High Low Close For Zinc

Yesterday High: 191.75

Yesterday Low: 189.75

Yesterday Close: 191

Today at 05-11-2019 15:00:04 Zinc trading at 191.45 with high of 191.7 and low of 190.65

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