Aluminium

Technical outlook

Aluminium 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 trend based on the current price action, once the same breaks above a key resistance holding at 133. The upside rally could be testing all the way through 135-136 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 130-128 levels. Key support holds at 128.

Research Report call:

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Technical outlook

Aluminium 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 trend based on the current price action, testing all the way through 133-135 levels in the upcoming sessions. Alternatively, if market breaks below a key support holding at 130 then it might turn bearish once again. The downside rally could test up to 128-126 levels. Key resistance holds at 135.

Research Report call:

Technical outlook

Aluminium 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 trend based on the current price action, testing all the way through 133-135 levels in the upcoming sessions. Alternatively, if market breaks below a key support holding at 130 then it might turn bearish once again. The downside rally could test up to 128-126 levels. Key resistance holds at 135.

Research Report call:

Technical outlook

Aluminium 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 trend based on the current price action, testing all the way through 133-135 levels in the upcoming sessions. Alternatively, if market breaks below a key support holding at 130 then it might turn bearish once again. The downside rally could test up to 128-126 levels. Key resistance holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on the bearish trend based on the current price action, once the same breaks below a key support holding at 129.50. The downside rally could be testing all the way through 128-127 levels in the upcoming sessions. Alternatively, if key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 133-135 levels. Key resistance holds at 135.

Research Report call:

Technical outlook

Aluminium 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 trend based on the current price action, testing all the way through 133-135 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 130 then it might turn bearish once again. The downside rally could test up to 128-127 levels. Key resistance holds at 135.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Falling channel" pattern. The last few sessions ended up in bearish trend breaking an interim trend line inside the channel. The market is expected to continue on the bearish trend based on the current price action, once the same breaks below a key support holding at 129. The downside rally could be testing all the way through 128-126 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 132-134 levels. Key resistance holds at 134.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Megaphone chart" pattern. The last few sessions ended up in bearish trend after retesting an interim trend line inside the channel. The market is expected to continue on the bearish trend based on the current price action, once the same breaks below a key support holding at 132. The downside rally could be testing all the way through 130-129 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 134-138 levels. Key resistance holds at 138.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Megaphone chart" pattern. The last few sessions ended up in bearish trend after retesting an interim trend line inside the channel. The market is expected to continue on the bearish trend based on the current price action, once the same breaks below a key support holding at 133. The downside rally could be testing all the way through 131-130 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 levels. Key resistance holds at 138.

Research Report call:

Technical outlook

Aluminium daily chart has formed "Megaphone chart" pattern. The last few sessions ended up in bearish trend after retesting an interim trend line inside the channel. The market is expected to continue on the bearish trend based on the current price action, once the same breaks below a key support holding at 133.50. 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 136-139 levels. Key resistance holds at 139.

Research Report call: