Zinc Trend Today Technical Analysis for 04-12-2019 15:00:04


In 1 hour chart Zinc price continues to trade at 182.95 and below the (Exponential Moving Average)EMA200 value of 187.155 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 187.155 is proving a tough nut to crack.

Pivot (invalidation): 181.65

Our preference: Long positions above 182.75

Alternative scenario: Below 180.5 look for further downside.

Support Resistance Levels For Zinc Today at 04-12-2019 15:00:04

Pivot: 181.65

Resistance 1: 182.75

Resistance 2: 183.9

Resistance 3: 185

Support 1: 180.5

Support 2: 179.4

Support 3: 178.25

Yesterday High Low Close For Zinc

Yesterday High: 182.8

Yesterday Low: 180.55

Yesterday Close: 181.6

Today at 04-12-2019 15:00:04 Zinc trading at 182.95 with high of 183.1 and low of 181.65

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