Aluminium Trend Today Technical Analysis for 02-12-2019 17:00:05


In 1 hour chart Aluminium price continues to trade at 133.5 and above the (Exponential Moving Average)EMA200 value of 131.546 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 131.546 is proving a tough nut to crack.

Pivot (invalidation): 132.183

Our preference: Long positions above 132.417

Alternative scenario: Below 131.967 look for further downside.

Support Resistance Levels For Aluminium Today at 02-12-2019 17:00:05

Pivot: 132.183

Resistance 1: 132.417

Resistance 2: 132.633

Resistance 3: 132.867

Support 1: 131.967

Support 2: 131.733

Support 3: 131.517

Yesterday High Low Close For Aluminium

Yesterday High: 132.4

Yesterday Low: 131.95

Yesterday Close: 132.2

Today at 02-12-2019 17:00:05 Aluminium trading at 133.5 with high of 134.2 and low of 133.1

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.