analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume
Sunday 26 Jun 2022
FWP Network > Forexhound.com > Analysis > Commodities Analysis > Metals > Technical forecast for Aluminium for 19th May 2013
Technical forecast for Aluminium for 19th May 2013
Metals · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
Aluminium did push above 1860 but only as far as 1866. Last week’s performance was poor, unable to rally as we hover near April & May lows & there is a risk we break lower this week. Failure to hold above 1850/45 today risks a slide towards Wednesday’s low at 1821 & possibly May lows at 1809. A break lower this week should target 1778/76.
A push through 1860 is more positive but we then need to tackle Friday’s high of 1866 in order to reach for resistance at 1880/85. This could hold the bounce so a high for the day is possible but shorts need stops above 1895.