Zinc Trend Today Technical Analysis for 02-12-2019 11:00:04

by wealthmann

December 2, 2019

11

In 1 hour chart Zinc price continues to trade at 185.35 and below the (Exponential Moving Average)EMA200 value of 189.037 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 189.037 is proving a tough nut to crack.

Pivot (invalidation): 185.233

Our preference: Long positions above 186.617

Alternative scenario: Below 182.467 look for further downside.

Support Resistance Levels For Zinc Today at 02-12-2019 11:00:04

Pivot: 185.233

Resistance 1: 186.617

Resistance 2: 189.383

Resistance 3: 190.767

Support 1: 182.467

Support 2: 181.083

Support 3: 178.317

Yesterday High Low Close For Zinc

Yesterday High: 188

Yesterday Low: 183.85

Yesterday Close: 183.85

Today at 02-12-2019 11:00:04 Zinc trading at 185.35 with high of 185.6 and low of 185.1