Aluminium Report

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 133. The downside rally could be testing all the way through 132-130 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 136 level. Key resistance holds at 136.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 133.50. The downside rally could be testing all the way through 132-130 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 136 level. Key resistance holds at 136.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 135. The upside rally could be testing all the way through 136-138 levels in the upcoming sessions. Alternatively, if key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 132.50 level. Key support holds at 132.50.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 133. The downside rally could be testing all the way through 132-130 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 136 level. Key resistance holds at 136.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 133. The downside rally could be testing all the way through 132-130 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 136 level. Key resistance holds at 136.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 136. The upside rally could be testing all the way through 138-140 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The downside rally could test up to 132.50 level. Key support holds at 132.50.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 136. The upside rally could be testing all the way through 138-140 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The downside rally could test up to 132.50 level. Key support holds at 132.50.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 136. The upside rally could be testing all the way through 138-140 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The downside rally could test up to 132 level. Key support holds at 132.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 136. The upside rally could be testing all the way through 138-140 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The downside rally could test up to 132 level. Key support holds at 132.

Technical outlook

Aluminium Oct daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways 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 133.80. The downside rally could be testing all the way through 132-130 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 138 level. Key resistance holds at 138.