Zinc Trend Today Technical Analysis for 03-12-2019 12:00:03
In 1 hour chart Zinc price continues to trade at 182.5 and below the (Exponential Moving Average)EMA200 value of 188.213 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 188.213 is proving a tough nut to crack.
Pivot (invalidation): 183.267
Our preference: Long positions above 184.583
Alternative scenario: Below 180.933 look for further downside.
Support Resistance Levels For Zinc Today at 03-12-2019 12:00:03
Pivot: 183.267
Resistance 1: 184.583
Resistance 2: 186.917
Resistance 3: 188.233
Support 1: 180.933
Support 2: 179.617
Support 3: 177.283
Yesterday High Low Close For Zinc
Yesterday High: 185.6
Yesterday Low: 181.95
Yesterday Close: 182.25
Today at 03-12-2019 12:00:03 Zinc trading at 182.5 with high of 182.8 and low of 182.05
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