Technical Analysis For Aluminium Today 12-07-2019 13:00:03
by wealthmann
July 12, 2019
0
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