Technical Analysis For Aluminium Today 16-07-2019 14:00:03

by wealthmann

July 16, 2019

113

In 1 hour chart Aluminium price continues to trade at 143.4 and above the (Exponential Moving Average)EMA200 value of 142.495 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 Aluminium continues to trade above level, that could be an extraordinarily Bullish sign for Aluminium

Even so, the 200-candle Exponential moving average (EMA) price range of 142.495 is proving a tough nut to crack.

Pivot (invalidation): 143.117

Our preference: Long positions above 143.833

Alternative scenario: Below 142.683 look for further downside.

Support Resistance Levels For Aluminium Today at 16-07-2019 14:00:03

Pivot: 143.117

Resistance 1: 143.833

Resistance 2: 144.267

Resistance 3: 144.983

Support 1: 142.683

Support 2: 141.967

Support 3: 141.533

Yesterday High Low Close For Aluminium

Yesterday High: 143.55

Yesterday Low: 142.4

Yesterday Close: 143.4

Today at 16-07-2019 14:00:03 Aluminium trading at 143.4 with high of 143.8 and low of 143.15