Aluminium Trend Today Technical Analysis for 04-12-2019 11:00:04
by wealthmann
December 4, 2019
21
In 1 hour chart Aluminium price continues to trade at 132.9 and above the (Exponential Moving Average)EMA200 value of 132.104 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 132.104 is proving a tough nut to crack.
Pivot (invalidation): 133.9