Aluminium

Technical outlook

Aluminium hourly chart has formed “Falling wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance holding at 150. The upside rally could test 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. The downside rally could test 148-145 levels. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 147-145 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone holding near 152 then it might have a chance to turn bullish once again. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend breaking out the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 147.50-146 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone holding near 152 then it might have a chance to turn bullish once again. Key support holds at 146.

Research Report call:

 Technical outlook

Aluminum daily chart has formed “Falling wedge pattern” in this pattern price met out support line at 150. If break below then expected to continue on the bearish downside rally could test all the way through 149-147 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 153-156 levels. Key resistance holds at 156.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Symmetrical triangle” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding near 151. The downside rally could test all the way through 149-147 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 153-155 levels. Key resistance holds at 155.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling channel” pattern. The last session ended up bearish in trend inside the channel. The market is expected to continue on the bearish trend for a while to retest the channel’s support slope line and turn bullish once again. The upside rally could test all the way through 154.50-156 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 153 then it might continue in bearish momentum. The downside rally could test 152-150 levels. Key resistance holds at 156.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Falling wedge” pattern. The last session ended up bearish in trend inside the channel. The market is expected to continue on the bearish trend for a while to retest the channel’s support slope line and turn bullish once again. The upside rally could test all the way through 156-158 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 154 then it might continue in bearish momentum. The downside rally could test 153-152 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 157.50-159 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 155.50 then it might turn bearish. The downside rally could test 154-152 levels. Key resistance holds at 159.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern along with a long-term “Falling wedge”. The last session ended up retesting near the channel’s support slope line as the same has been already broken out the Falling wedge. The market is expected to continue on the bullish trend, testing all the way through 158-160 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 155.50 then it might turn bearish. The downside rally could test 154-152 levels. Key resistance holds at 160.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last few sessions ended up bullish in trend retesting the previous resistance slope line as the same has been already broken out. The market is expected to continue on the same trend, once the same breaks above a key resistance holding at 158.50. The upside rally could test all the way through 160-162 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 156-154.50 levels. Key support holds at 154.50.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last few sessions ended up bearish in trend retesting the previous resistance slope line as the same has been already broken out. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 154. The downside rally could test all the way through 153-152 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 156-158 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last session ended up retesting the previous resistance slope line as the same has been already broken out. The market is expected to continue on a bullish momentum, testing all the way through 159-161 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 156 then it might turn to bearish. Key resistance holds at 161.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last session ended up consolidated but bearish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 155.50-154 levels in the upcoming sessions. Once the same reaches the previous resistance zone which is now support at 154, then it might retest the same and turn bullish. The upside rally could test 155.50-157 levels. Alternatively, if the market breaks below the support then it might continue in bearish momentum. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Symmetrical triangle” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 158. The upside rally could test all the way through 160-162 and furthermore levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. the downside rally could test 155-153 levels. Near Key support holds at 153.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 153-150 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone near 157, then it might turn to overall bullish term. Near Key support holds at 150.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up bullish after retesting near the pattern’s support line. The market is expected to continue in bullish momentum, testing all the way through 155-155.50 levels in the upcoming sessions. Once the same reaches high enough to retest the pattern’s resistance slope line, then it might turn bearish once again. The downside rally could test 154.50-152.50 levels. Alternatively, if the market breaks below the key support holding at 152.50 then it might turn to overall bearish term. Key resistance holds at 155.50.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up consolidated and retesting near the pattern’s support line. The market is expected to continue in bullish momentum, testing all the way through 154-155.50 levels in the upcoming sessions. Once the same reaches high enough to retest the pattern’s resistance slope line, then it might turn bearish once again. The downside rally could test 154.50-152.50 levels. Alternatively, if the market breaks below the key support holding at 152.50 then it might turn to overall bearish term. Key resistance holds at 155.50.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up retesting near the pattern’s support line. The market is expected to continue in bullish momentum, testing all the way through 155-156 levels in the upcoming sessions. Once the same reaches high enough to retest the pattern’s resistance slope line, then it might turn bearish once again. The downside rally could test 155-153 levels. Alternatively, if the market breaks below the key support holding at 152.50 then it might turn to overall bearish term. Key resistance holds at 156.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Falling channel” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 155-157 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 152 then it might turn bearish once again. The downside rally could test 150-149 levels. Key resistance holds at 157.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Descending triangle” pattern. The last session ended up bearish in trend retesting near the pattern’s horizontal support line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 152.50. The downside rally could test all the way through 150-148 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 155-157.50 levels. Key resistance holds at 157.50.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 158. The upside rally could test all the way through 160-162 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 155-153 levels. Key support holds at 153.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Falling wedge” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 156. The upside rally could test all the way through 158-160 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 154-153 levels. Neckline support holds at 153.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Descending triangle” pattern. The last session ended up bearish in trend retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 153. The downside rally could test all the way through 152-150 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 155-158 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 154. The downside rally could test all the way through 152-150 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 156-160 levels. Key resistance holds at 160.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 153.50. The downside rally could test all the way through 152-150 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 156-160 levels. Key resistance holds at 160.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 157.50. The upside rally could test all the way through 160-162 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 155-150 levels. Key support holds at 150.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up consolidated after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 160. The upside rally could test all the way through 162-164 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 157-155 levels. Key support holds at 155.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 160. The upside rally could test all the way through 162-164 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 157-155 levels. Key support holds at 155.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Rising channel” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 159. The upside rally could test all the way through 161-162.50 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 157-155 levels. Key support holds at 155.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 153. The downside rally could test all the way through 150-148 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 156-158 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 155. The downside rally could test all the way through 153-150 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 156.50-158 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Rising channel” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 161. The upside rally could test all the way through 163-165 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 159-157 levels. Key support holds at 157.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Rising wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 161. The upside rally could test all the way through 163-165 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 159-157 levels. Key support holds at 157.

Research Report call:

 Technical outlook

Aluminium 4hr chart has formed “Rising wedge” pattern. The last few sessions seems consolidated near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 160. The upside rally could test all the way through 162-165 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 158-156.50 levels. Key support holds at 156.50.

Research Report call:

Technical outlook

Aluminium 4hr chart has formed “Rising channel” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 159. The upside rally could test all the way through 162-165 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 157-155 levels. Key support holds at 155.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Rising channel” pattern. The last session ended up bearish in trend near a key support holding at 152. The market is expected to continue in bearish momentum, once the same breaks below the support. The downside rally could test all the way through 150-148 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 155-158 levels. Key resistance holds at 158.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Rising channel” pattern. The last session ended up bullish in trend near the key resistance holding at 156.50. The market is expected to continue in bullish momentum, once the same breaks above the resistance. The upside rally could test all the way through 158-160 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 154-150 levels. Key support holds at 150.

Research Report call:

 Technical outlook

Aluminum 4H chart has formed “Ascending Triangle chart pattern” The last session ended nearby Resistance line which is very crucial place. The market is expected to continue in sideways momentum, testing all the way through support and resistance around 153-148.50 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 147 then it might turn bearish once again. The downside rally could test 144-140 levels. Key resistance holds at 153.

Research Report call:

Technical outlook

Aluminum 4H chart has formed topping Chart pattern. The last few sessions closed nearby neckline which is support line at 146, If break below then trend will change to more negative side which will be reach 143-140 . But before taking into consolidation process around the area. Alternatively not break below the support line few days were some pullback to reach again 158 level . The market is expected to continue in bearish momentum.

Research Report call:

 Technical outlook

Aluminum hourly chart has formed “Falling wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks above the key resistance holding at 155. The upside rally could test all the way through 157-159 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 all the way through 150-148 levels. Key support at holds 151.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Rectangle chart” pattern. The last session ended up bullish in trend retesting the previous resistance which is support now at 145.50. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 150. The upside rally could test all the way through 151-152 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 148-145 levels.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Rectangle chart” pattern. The last few sessions ended up strongly bearish in trend near the previous resistance which is support now at 145.50. The market is expected to continue in bearish momentum, once the same breaks below the support. The downside rally could test all the way through 144-142 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 148-150 levels. Key resistance holds at 150.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last session ended up strongly bearish in trend breaking nearly four days previous low. The market is expected to continue in bearish momentum, testing all the way through 148-145 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a correction over positive momentum. Key resistance holds at 155 and support at 145.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 168-172 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 162.50 then it might have a chance to turn bearish. The downside rally could test 160-158 levels. Key resistance holds at 172.

Research Report call:

Technical outlook

Aluminium hourly chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 168-172 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 160 then it might have a chance to turn bearish. The downside rally could test 158-155 levels. Key resistance holds at 172.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been strongly bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 170-172 levels in the upcoming sessions. Alternatively, if the market breaks below a major support holding at 160 then it might have a chance to turn bearish. Key resistance holds at 172.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 160. The upside rally could test all the way through 161-162 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 158-155-152.50 levels. Key support holds at 152.50.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 158-160 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 155 then it might turn bearish. The downside rally could test 154-152 levels. Key resistance holds at 160.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 148.50. The downside rally could test all the way through 147-145 levels in the upcoming weeks. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 153.50-155 levels. Key resistance holds at 152.50.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been strongly bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to retest a key resistance holding at 153.50 and turn bearish. The downside rally could test all the way through 150-145 levels in the upcoming weeks. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 155-156 levels. Key support holds at 145.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last few sessions been strongly bullish in trend. The market is expected to continue in bullish momentum, testing all the way through 150-152 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 146.50 then it might turn bearish. Key resistance holds at 152.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Triple bottom chart” pattern. The last session ended up bullish in trend retesting a major resistance holding at 146. The market is expected to continue in bearish momentum, testing all the way through 144-142 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. Key support holds at 142.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern along with the “Triple bottom chart”. The last session ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 142-144 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 136 then it might continue in bearish momentum. Key resistance holds at 144.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern along with the “Triple bottom chart”. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, testing all the way through 135-138 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 132 then it might continue in bearish momentum. Key resistance holds at 138.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern along with the “Triple bottom chart”. The last few sessions ended up bearish in trend retesting near a key support holding at 129. The market is expected to continue in bullish momentum, testing all the way through 131-132 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. The downside rally could test 128-126 levels. Key resistance holds at 132.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern along with the “Triple bottom chart”. The last few sessions ended up bearish in trend retesting near a key support holding at 129. The market is expected to retest the support once again and turn bullish. The upside rally could test all the way through 130.50-132 levels in the upcoming sessions. Alternatively, if the market breaks below the support then it might continue in bearish momentum. The downside rally could test 128-126 levels. Key resistance holds at 132.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern along with the “Triple bottom chart”. The last session ended up bearish in trend retesting near a key support holding at 129. The market is expected to retest the support once again and turn bullish. The upside rally could test all the way through 130.50-132 levels in the upcoming sessions. Alternatively, if the market breaks below the support then it might continue in bearish momentum. The downside rally could test 128-126 levels. Key resistance holds at 132.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern. The last few sessions seems consolidated after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 132. The upside rally could test all the way through 133-134 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 131-130 levels. Key support holds at 130.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 129.50. The downside rally could test all the way through 128-126.50 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 130.50-132 levels. Key resistance holds at 132.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Falling channel” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to retest a key support at 131 and turn bullish. The upside rally could test all the way through 132.50-134 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. The downside rally could test 130-128.50 levels. Key resistance holds at 134.

Research Report call: