Technical Analysis For Aluminium Today 12-07-2019 13:00:03

by wealthmann

July 12, 2019

72

In 1 hour chart Aluminium price continues to trade at 142.1 and below the (Exponential Moving Average)EMA200 value of 142.419 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 Aluminium continues to trade below level, that could be an extraordinarily Bearish sign for Aluminium

Even so, the 200-candle Exponential moving average (EMA) price range of 142.419 is proving a tough nut to crack.

Pivot (invalidation): 142.65

Our preference: Long positions above 143.5

Alternative scenario: Below 141.25 look for further downside.

Support Resistance Levels For Aluminium Today at 12-07-2019 13:00:03

Pivot: 142.65

Resistance 1: 143.5

Resistance 2: 144.9

Resistance 3: 145.75

Support 1: 141.25

Support 2: 140.4

Support 3: 139

Yesterday High Low Close For Aluminium

Yesterday High: 144.05

Yesterday Low: 141.8

Yesterday Close: 142.1

Today at 12-07-2019 13:00:03 Aluminium trading at 142.1 with high of 142.3 and low of 141.9