Aluminium Trend Today Technical Analysis for 02-12-2019 23:00:04
by wealthmann
December 2, 2019
11
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