Zinc Trend Today Technical Analysis for 12-11-2019 20:00:05


In 1 hour chart Zinc price continues to trade at 195.3 and above the (Exponential Moving Average)EMA200 value of 189.92 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell 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 189.92 is proving a tough nut to crack.

Pivot (invalidation): 195.117

Our preference: Long positions above 196.483

Alternative scenario: Below 193.983 look for further downside.

Support Resistance Levels For Zinc Today at 12-11-2019 20:00:05

Pivot: 195.117

Resistance 1: 196.483

Resistance 2: 197.617

Resistance 3: 198.983

Support 1: 193.983

Support 2: 192.617

Support 3: 191.483

Yesterday High Low Close For Zinc

Yesterday High: 196.25

Yesterday Low: 193.75

Yesterday Close: 195.35

Today at 12-11-2019 20:00:05 Zinc trading at 195.3 with high of 196.05 and low of 195.1

Leave a Reply

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