Type: Bullish ContinuationKey Levels:Resistance:218.00Pivot:211.00Support:201.40Preferred Case:Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 218.00, where the previous swing high is.Alternative Scenario:Price may head back down to retest the pivot at 211.00, where the 38.2% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/aluminum-futures-aluminil-h4-potential-for-bullish-continuation"
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