Aluminium Report

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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, testing all the way through 144-145 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 142 then it might turn bearish once again. The downside rally could test up to 140-139 levels. Key resistance holds at 145.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 141.50. The downside rally could be testing all the way through 140-139 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 143-144 levels. Key resistance holds at 144.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 144. The upside rally could be testing all the way through 145-146 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 141 level. Key support holds at 141.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 144. The upside rally could be testing all the way through 145-146 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 141 level. Key support holds at 141.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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, testing all the way through 142-141 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 143.50 then it might turn bullish once again. The upside rally could test up to 145-146 level. Key support holds at 141.

Technical outlook

Aluminium June daily chart has formed "Falling channel" pattern. The last session ended up in bullish trend after few negative rallies 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 144. The upside rally could be testing all the way through 146-148 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 142-141 level. Key support holds at 141.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 141. The downside rally could be testing all the way through 139-137 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 144-145 level. Key resistance holds at 145.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 141.50. The downside rally could be testing all the way through 140-138 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 145-146 level. Key resistance holds at 146.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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 141.50. The downside rally could be testing all the way through 140-138 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 145-146 level. Key resistance holds at 146.

Technical outlook

Aluminium June daily chart has formed "Falling channel" 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, testing all the way through 145-146 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 142 then it might turn bearish once again. The downside rally could test up to 140 level. Key resistance holds at 146.