Aluminium Trend Today Technical Analysis for 12-11-2019 21:00:05


In 1 hour chart Aluminium price continues to trade at 133.15 and below the (Exponential Moving Average)EMA200 value of 133.552 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell 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 133.552 is proving a tough nut to crack.

Pivot (invalidation): 134.483

Our preference: Long positions above 135.167

Alternative scenario: Below 133.267 look for further downside.

Support Resistance Levels For Aluminium Today at 12-11-2019 21:00:05

Pivot: 134.483

Resistance 1: 135.167

Resistance 2: 136.383

Resistance 3: 137.067

Support 1: 133.267

Support 2: 132.583

Support 3: 131.367

Yesterday High Low Close For Aluminium

Yesterday High: 135.7

Yesterday Low: 133.8

Yesterday Close: 133.95

Today at 12-11-2019 21:00:05 Aluminium trading at 133.15 with high of 133.3 and low of 132.9

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