Zinc Trend Today Technical Analysis for 08-11-2019 22:00:04


In 1 hour chart Zinc price continues to trade at 194.3 and above the (Exponential Moving Average)EMA200 value of 189.082 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 189.082 is proving a tough nut to crack.

Pivot (invalidation): 192.1

Our preference: Long positions above 194.5

Alternative scenario: Below 190.65 look for further downside.

Support Resistance Levels For Zinc Today at 08-11-2019 22:00:04

Pivot: 192.1

Resistance 1: 194.5

Resistance 2: 195.95

Resistance 3: 198.35

Support 1: 190.65

Support 2: 188.25

Support 3: 186.8

Yesterday High Low Close For Zinc

Yesterday High: 193.55

Yesterday Low: 189.7

Yesterday Close: 193.05

Today at 08-11-2019 22:00:04 Zinc trading at 194.3 with high of 194.8 and low of 192.7

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