Aluminium Trend Today Technical Analysis for 12-02-2020 11:00:03


In 1 hour chart Aluminium price continues to trade at 138.1 and below the (Exponential Moving Average)EMA200 value of 138.667 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Aluminium continues to trade below level, that could be an extraordinarily Bearish sign for Aluminium

Even so, the 200-candle Exponential moving average (EMA) price range of 138.667 is proving a tough nut to crack.

Pivot (invalidation): 137.783

Our preference: Long positions above 139.117

Alternative scenario: Below 136.967 look for further downside.

Support Resistance Levels For Aluminium Today at 12-02-2020 11:00:03

Pivot: 137.783

Resistance 1: 139.117

Resistance 2: 139.933

Resistance 3: 141.267

Support 1: 136.967

Support 2: 135.633

Support 3: 134.817

Yesterday High Low Close For Aluminium

Yesterday High: 138.6

Yesterday Low: 136.45

Yesterday Close: 138.3

Today at 12-02-2020 11:00:03 Aluminium trading at 138.1 with high of 138.25 and low of 137.85

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