Aluminium Trend Today Technical Analysis for 08-11-2019 22:00:04


In 1 hour chart Aluminium price continues to trade at 135.65 and above the (Exponential Moving Average)EMA200 value of 133.363 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 133.363 is proving a tough nut to crack.

Pivot (invalidation): 134.85

Our preference: Long positions above 135.3

Alternative scenario: Below 134.5 look for further downside.

Support Resistance Levels For Aluminium Today at 08-11-2019 22:00:04

Pivot: 134.85

Resistance 1: 135.3

Resistance 2: 135.65

Resistance 3: 136.1

Support 1: 134.5

Support 2: 134.05

Support 3: 133.7

Yesterday High Low Close For Aluminium

Yesterday High: 135.2

Yesterday Low: 134.4

Yesterday Close: 134.95

Today at 08-11-2019 22:00:04 Aluminium trading at 135.65 with high of 136 and low of 134.9

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