Zinc Trend Today Technical Analysis for 16-01-2020 13:00:03


In 1 hour chart Zinc price continues to trade at 179.3 and below the (Exponential Moving Average)EMA200 value of 181.706 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 181.706 is proving a tough nut to crack.

Pivot (invalidation): 180.85

Our preference: Long positions above 181.15

Alternative scenario: Below 180.7 look for further downside.

Support Resistance Levels For Zinc Today at 16-01-2020 13:00:03

Pivot: 180.85

Resistance 1: 181.15

Resistance 2: 181.3

Resistance 3: 181.6

Support 1: 180.7

Support 2: 180.4

Support 3: 180.25

Yesterday High Low Close For Zinc

Yesterday High: 181

Yesterday Low: 180.55

Yesterday Close: 181

Today at 16-01-2020 13:00:03 Zinc trading at 179.3 with high of 179.3 and low of 179.1

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