Aluminium Trend Today Technical Analysis for 16-01-2020 18:00:04


In 1 hour chart Aluminium price continues to trade at 140.4 and above the (Exponential Moving Average)EMA200 value of 139.447 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 139.447 is proving a tough nut to crack.

Pivot (invalidation): 139.85

Our preference: Long positions above 140.15

Alternative scenario: Below 139.3 look for further downside.

Support Resistance Levels For Aluminium Today at 16-01-2020 18:00:04

Pivot: 139.85

Resistance 1: 140.15

Resistance 2: 140.7

Resistance 3: 141

Support 1: 139.3

Support 2: 139

Support 3: 138.45

Yesterday High Low Close For Aluminium

Yesterday High: 140.4

Yesterday Low: 139.55

Yesterday Close: 139.6

Today at 16-01-2020 18:00:04 Aluminium trading at 140.4 with high of 140.7 and low of 139.75

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