Technical Analysis For Aluminium Today 18-07-2019 15:00:03

by wealthmann

July 18, 2019

0

In 1 hour chart Aluminium price continues to trade at 143.45 and above the (Exponential Moving Average)EMA200 value of 142.675 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 142.675 is proving a tough nut to crack.

Pivot (invalidation): 143.067

Our preference: Long positions above 143.433

Alternative scenario: Below 142.733 look for further downside.

Support Resistance Levels For Aluminium Today at 18-07-2019 15:00:03

Pivot: 143.067

Resistance 1: 143.433

Resistance 2: 143.767

Resistance 3: 144.133

Support 1: 142.733

Support 2: 142.367

Support 3: 142.033

Yesterday High Low Close For Aluminium

Yesterday High: 143.4

Yesterday Low: 142.7

Yesterday Close: 143.1

Today at 18-07-2019 15:00:03 Aluminium trading at 143.45 with high of 143.7 and low of 142.8