Aluminium

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 150.50. The upside rally could be testing all the way through 152-154 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 148-146 levels. Key support holds at 146.

Research Report call:

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Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 150. The upside rally could be testing all the way through 152-154 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 148-146 levels. Key support holds at 146.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 149. The upside rally could be testing all the way through 150-152 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 147-145 levels. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last session ended up in bearish trend after few positive rallies inside the channel. The market is expected to continue on the bearish momentum based on the current price action, testing all the way through 147-145 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 149 then it might turn bullish once again. The upside rally could test up to 150-152 levels. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 149. The upside rally could be testing all the way through 150-152 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 147-145 levels. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the current price action, once the same breaks below a key support holding at 146. The downside rally could be testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 149-150 levels. Key resistance holds at 150.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the current price action, once the same breaks below a key support holding at 146. The downside rally could be testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 149-150 levels. Key resistance holds at 150.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the current price action, once the same breaks below a key support holding at 146. The downside rally could be testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 149-150 levels. Key resistance holds at 150.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the current price action, once the same breaks below a key support holding at 146. The downside rally could be testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 149-150 levels. Key resistance holds at 150.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the current price action, once the same breaks below a key support holding at 146. The downside rally could be testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 149-150 levels. Key resistance holds at 150.

Research Report call: