Technical Analysis For Aluminium Today 17-07-2019 15:00:04

by wealthmann

July 17, 2019

95

In 1 hour chart Aluminium price continues to trade at 143.05 and above the (Exponential Moving Average)EMA200 value of 142.598 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell 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 142.598 is proving a tough nut to crack.

Pivot (invalidation): 143.383

Our preference: Long positions above 143.717

Alternative scenario: Below 142.867 look for further downside.

Support Resistance Levels For Aluminium Today at 17-07-2019 15:00:04

Pivot: 143.383

Resistance 1: 143.717

Resistance 2: 144.233

Resistance 3: 144.567

Support 1: 142.867

Support 2: 142.533

Support 3: 142.017

Yesterday High Low Close For Aluminium

Yesterday High: 143.9

Yesterday Low: 143.05

Yesterday Close: 143.2

Today at 17-07-2019 15:00:04 Aluminium trading at 143.05 with high of 143.4 and low of 142.7