Zinc Trend Today Technical Analysis for 02-12-2019 11:00:04
by wealthmann
December 2, 2019
29
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