Aluminium Trend Today Technical Analysis for 05-11-2019 11:00:04


In 1 hour chart Aluminium price continues to trade at 133.6 and above the (Exponential Moving Average)EMA200 value of 132.329 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 132.329 is proving a tough nut to crack.

Pivot (invalidation): 133.45

Our preference: Long positions above 134.25

Alternative scenario: Below 133 look for further downside.

Support Resistance Levels For Aluminium Today at 05-11-2019 11:00:04

Pivot: 133.45

Resistance 1: 134.25

Resistance 2: 134.7

Resistance 3: 135.5

Support 1: 133

Support 2: 132.2

Support 3: 131.75

Yesterday High Low Close For Aluminium

Yesterday High: 133.9

Yesterday Low: 132.65

Yesterday Close: 133.8

Today at 05-11-2019 11:00:04 Aluminium trading at 133.6 with high of 133.7 and low of 133.6

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