Aluminium Trend Today Technical Analysis for 02-12-2019 23:00:04
In 1 hour chart Aluminium price continues to trade at 134.65 and above the (Exponential Moving Average)EMA200 value of 131.69 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 131.69 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 23:00:04
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 23:00:04 Aluminium trading at 134.65 with high of 134.65 and low of 133.1
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