Zinc Trend Today Technical Analysis for 16-01-2020 20:00:03

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In 1 hour chart Zinc price continues to trade at 183.45 and above the (Exponential Moving Average)EMA200 value of 181.692 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Zinc continues to trade above level, that could be an extraordinarily Bullish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 181.692 is proving a tough nut to crack.

Pivot (invalidation): 181.683

Our preference: Long positions above 182.567

Alternative scenario: Below 180.967 look for further downside.

Support Resistance Levels For Zinc Today at 16-01-2020 20:00:03

Pivot: 181.683

Resistance 1: 182.567

Resistance 2: 183.283

Resistance 3: 184.167

Support 1: 180.967

Support 2: 180.083

Support 3: 179.367

Yesterday High Low Close For Zinc

Yesterday High: 182.4

Yesterday Low: 180.8

Yesterday Close: 181.85

Today at 16-01-2020 20:00:03 Zinc trading at 183.45 with high of 183.7 and low of 181.45

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