Aluminium Trend Today Technical Analysis for 16-01-2020 13:00:03

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In 1 hour chart Aluminium price continues to trade at 137.65 and above the (Exponential Moving Average)EMA200 value of 134.233 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 134.233 is proving a tough nut to crack.

Pivot (invalidation): 137.233

Our preference: Long positions above 139.167

Alternative scenario: Below 136.267 look for further downside.

Support Resistance Levels For Aluminium Today at 16-01-2020 13:00:03

Pivot: 137.233

Resistance 1: 139.167

Resistance 2: 140.133

Resistance 3: 142.067

Support 1: 136.267

Support 2: 134.333

Support 3: 133.367

Yesterday High Low Close For Aluminium

Yesterday High: 138.2

Yesterday Low: 135.3

Yesterday Close: 138.2

Today at 16-01-2020 13:00:03 Aluminium trading at 137.65 with high of 137.65 and low of 135.5

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