Aluminium Trend Today Technical Analysis for 04-12-2019 11:00:04

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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

Our preference: Long positions above 134.5

Alternative scenario: Below 132.9 look for further downside.

Support Resistance Levels For Aluminium Today at 04-12-2019 11:00:04

Pivot: 133.9

Resistance 1: 134.5

Resistance 2: 135.5

Resistance 3: 136.1

Support 1: 132.9

Support 2: 132.3

Support 3: 131.3

Yesterday High Low Close For Aluminium

Yesterday High: 134.9

Yesterday Low: 133.3

Yesterday Close: 133.5

Today at 04-12-2019 11:00:04 Aluminium trading at 132.9 with high of 133.6 and low of 132.7

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