Technical Analysis For Aluminium Today 29-08-2019 21:00:04


In 1 hour chart Aluminium price continues to trade at 135.85 and below the (Exponential Moving Average)EMA200 value of 138.718 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 138.718 is proving a tough nut to crack.

Pivot (invalidation): 136.55

Our preference: Long positions above 137

Alternative scenario: Below 135.85 look for further downside.

Support Resistance Levels For Aluminium Today at 29-08-2019 21:00:04

Pivot: 136.55

Resistance 1: 137

Resistance 2: 137.7

Resistance 3: 138.15

Support 1: 135.85

Support 2: 135.4

Support 3: 134.7

Yesterday High Low Close For Aluminium

Yesterday High: 137.25

Yesterday Low: 136.1

Yesterday Close: 136.3

Today at 29-08-2019 21:00:04 Aluminium trading at 135.85 with high of 136.7 and low of 135.15

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