Technical Analysis For Aluminium Today 30-08-2019 11:00:04


In 1 hour chart Aluminium price continues to trade at 136.2 and below the (Exponential Moving Average)EMA200 value of 138.637 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 138.637 is proving a tough nut to crack.

Pivot (invalidation): 136.383

Our preference: Long positions above 137.617

Alternative scenario: Below 135.767 look for further downside.

Support Resistance Levels For Aluminium Today at 30-08-2019 11:00:04

Pivot: 136.383

Resistance 1: 137.617

Resistance 2: 138.233

Resistance 3: 139.467

Support 1: 135.767

Support 2: 134.533

Support 3: 133.917

Yesterday High Low Close For Aluminium

Yesterday High: 137

Yesterday Low: 135.15

Yesterday Close: 137

Today at 30-08-2019 11:00:04 Aluminium trading at 136.2 with high of 136.6 and low of 136.2

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