Zinc Trend Today Technical Analysis for 12-02-2020 10:00:02


In 1 hour chart Zinc price continues to trade at 168.5 and below the (Exponential Moving Average)EMA200 value of 173.189 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 173.189 is proving a tough nut to crack.

Pivot (invalidation): 168.083

Our preference: Long positions above 169.367

Alternative scenario: Below 167.167 look for further downside.

Support Resistance Levels For Zinc Today at 12-02-2020 10:00:02

Pivot: 168.083

Resistance 1: 169.367

Resistance 2: 170.283

Resistance 3: 171.567

Support 1: 167.167

Support 2: 165.883

Support 3: 164.967

Yesterday High Low Close For Zinc

Yesterday High: 169

Yesterday Low: 166.8

Yesterday Close: 168.45

Today at 12-02-2020 10:00:02 Zinc trading at 168.5 with high of 168.75 and low of 168.2

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