Zinc Trend Today Technical Analysis for 29-11-2019 19:00:04
by wealthmann
November 29, 2019
39
In 1 hour chart Zinc price continues to trade at 183.85 and below the (Exponential Moving Average)EMA200 value of 189.113 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 189.113 is proving a tough nut to crack.
Pivot (invalidation): 188.267