Aluminium Report

Technical outlook

Aluminium Aug 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 137.50. the downside rally could be testing all the way through 136-134 level 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 142 level. Key resistance holds at 142.

Technical outlook

Aluminium Aug 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 138.50. the downside rally could be testing all the way through 137-135 level 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 142 level. Key support holds at 142.

Technical outlook

Aluminium Aug 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 138.50. the downside rally could be testing all the way through 137-135 level 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 142 level. Key support holds at 142.

Technical outlook

Aluminium Aug 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 138.50. the downside rally could be testing all the way through 137-135 level 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 142 level. Key support holds at 142.

Technical outlook

Aluminium Aug 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, testing all the way through 138 level in the upcoming sessions. Alternatively, if market breaks above a key resistance holding at 141.50 then it might turn bullish once again. The upside rally could test up to 144 level. Key support holds at 138.

Technical outlook

Aluminium Aug 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 142. The upside rally could be testing all the way through 144-146 level 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 138 level. Key support holds at 138.

Technical outlook

Aluminium Aug 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 141.50. The upside rally could be testing all the way through 143-145 level 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 138 level. Key support holds at 138.

Technical outlook

Aluminium Aug 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 139. The upside rally could be testing all the way through 138-136 level 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 144 level. Key resistance holds at 144.

Technical outlook

Aluminium Aug 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 142. The upside rally could be testing all the way through 144-146 level 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 138 level. Key support holds at 138.

Technical outlook

Aluminium Aug 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 139. The downside rally could be testing all the way through 137-135 level 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 144 level. Key resistance holds at 144.