Aluminium

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on the bullish trend, testing all the way through 150-152 and further more levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 147 then it might turn bearish. The downside rally could test up to 145 and further more levels. Key resistance holds at 152.

Research Report call:

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Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up bearish in trend along some corrections inside the channel. The market is expected to continue on the bearish trend, testing all the way through 147 and further more levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 152 then it might turn bullish. The upside rally could test up to 155 and further more levels. Key support holds at 147.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up bearish in trend along some corrections inside the channel. The market is expected to continue on the bearish trend, testing all the way through 147 and further more levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 152 then it might turn bullish. The upside rally could test up to 155 and further more levels. Key support holds at 147.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up consolidated and retesting near a key resistance zone inside the channel. The market is expected to continue on the bearish trend, testing all the way through 149-147 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 152 then it might turn bullish. The upside rally could test up to 155 and further more levels. Key support holds at 147.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support holding at 149. The downside rally could be testing all the way through 147-145 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 152 and further more levels. Key resistance holds at 152.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support holding at 149. The downside rally could be testing all the way through 147-145 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 152.50 and further more 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 ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support holding at 151.50. The downside rally could be testing all the way through 150-148 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 157 and further more levels. Key resistance holds at 157.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up bearish in trend retesting near a key support zone inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support holding at 152. The downside rally could be testing all the way through 151-149 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 157 and further more levels. Key resistance holds at 157.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on the bullish trend, testing all the way through 155-157.50 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 152 then it might turn bearish. The downside rally could test up to 150 and further more levels. Key resistance holds at 157.50.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Ascending broadening wedge pattern”. The last few sessions ended up strongly in bearish trend near a key support zone inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support zone holding at 157. The downside rally could be testing all the way through 155-153 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside could test around 160 and further more levels. Key resistance holds at 160.

Research Report call: