Aluminium

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 137. The downside rally could be testing all the way through 136-134 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 140-142 levels. Key resistance holds at 142.

Research Report call:

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Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 137.50. The downside rally could be testing all the way through 136-134 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 140-142 levels. Key resistance holds at 142.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 142. The upside rally could be testing all the way through 144-145 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 139-137 levels. Key support holds at 137.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bullish in trend after a negative rally inside the channel. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 142. The upside rally could be testing all the way through 144-145 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 139-137 levels. Key support holds at 137.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last session ended up bullish in trend after a negative rally inside the channel. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 141. The upside rally could be testing all the way through 142-143 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 139-137 levels. Key support holds at 137.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on the bearish trend, testing all the way through 136-135 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 140.50 then it might turn bullish once again. The upside rally could test up to 142-143 levels. Key support holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bullish in trend on a gap up formation inside the channel. The market is expected to continue on the bullish trend, once the same breaks above the key resistance holding at 141. The upside rally could be testing all the way through 143-145 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 138-135 levels. Key support holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bullish in trend on a gap up formation inside the channel. The market is expected to continue on the bullish trend, once the same breaks above the key resistance holding at 141. The upside rally could be testing all the way through 143-145 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 138-135 levels. Key support holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last session ended up bullish in trend on a gap up formation inside the channel. The market is expected to continue on the bullish trend, once the same breaks above the key resistance holding at 141. The upside rally could be testing all the way through 143-145 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 138-135 levels. Key support holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed “Right angled ascending broadening wedge pattern”. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on the bearish trend, once the same breaks below the key support holding at 134. The downside rally could be testing all the way through 132-130 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 136-138-140 levels. Key resistance holds at 140.

Research Report call: