Aluminium trading at 3 years SupportAluminium is trading at 3 yrs support, and the RISK/Reward ratio looks attractive..
For Target, SL,please check the graph.
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MCX ALUMINIUM - LOOKING GOOD FOR A SHORT TRADE ?MCX ALUMINIUM is currently trading at 212.
210-215 is a good resistance zone for Aluminium as per price action and longterm charts.
Hence I'm opening short positions in MCX Aluminium Futures at CMP 212.
I will be adding more position if 215 comes & will hold with SL 218.
Targets I'm expecting ar
Interesting Pattern unveils in AluminiumSince the Chinese Index is Bottoming Out and Aluminum at its 4th wave Correction end , One can expect a good bull run in Aluminum in the coming months.
Aluminum is still in redOm Namah Shivay
Aluminum has traded from 93 lifetime low to 325 lifetimes high. Made high during March 2022 before 1.5 years. After 1.5 years, it looks like still negative and has downward targets - only if 204 level is safe and not breached.
From the weekly chart, it is clear that there is signi
ALUMINUM_LONGAluminum is taking weekly support with RSI reversal. As per technical analysis and expectation in world economy recovery strong demand can come from CHINA . Nearest Gann level is 196-192.52.
Stop loss can be kept at 195.7-195 in MCX and weekly basis AL can touch 205 -215 in one month.
I am not recom
Aluminium Futures ( Continues )Hello, As we see few Mother Candles
Above 215.25 we can take long entry
Stop Loss will be breakout low candle
This is for paper trade only
No such advice to invest your money
Aluminium monthly idea in dayrepublishing my aluminium monthly idea in day time frame to show the price progress
Aluminium month, 28.02.2023Publishing herewith my idea about aluminum for next month using day time frame
AluminiumLooks like its time for 230/234 levels on aluminium... up-move that is part of a bigger Inv H&S breakout... Please refer to previous post for further details
Also, similar setup seen in Zinc
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Frequently Asked Questions
The nearest expiration date for Aluminum FOB Australia Metals Bulletin Futures (Sep 2024) is Oct 2, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Aluminum FOB Australia Metals Bulletin Futures (Sep 2024) before Oct 2, 2024.