Zinc Trend Today Technical Analysis for 29-11-2019 19:00:04

by wealthmann

November 29, 2019

20

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

Our preference: Long positions above 189.233

Alternative scenario: Below 187.333 look for further downside.

Support Resistance Levels For Zinc Today at 29-11-2019 19:00:04

Pivot: 188.267

Resistance 1: 189.233

Resistance 2: 190.167

Resistance 3: 191.133

Support 1: 187.333

Support 2: 186.367

Support 3: 185.433

Yesterday High Low Close For Zinc

Yesterday High: 189.2

Yesterday Low: 187.3

Yesterday Close: 188.3

Today at 29-11-2019 19:00:04 Zinc trading at 183.85 with high of 188 and low of 183.85