FIS Technical – Aluminium Rolling 3 Month

FIS Technical – Aluminium Rolling 3 Month

A bearish 3 candle pivot with an overbought
stochastic would suggest we have entered a
corrective phase within the long-term range.
Technically neutral to Bearish, neutral due the long term
range USD 1,871 – USD 1,744 and bearish as we
remain below the 200 period EMA. Price action has
broken fractal resistance and remains bullish on the
front end above USD 1,766, below this level the
pullback would be considered as deep and neutralize
the last upward wave.

 

To view the full report please click on the link