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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Contract highlights
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
See all ideas
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Frequently Asked Questions
The nearest expiration date for Aluminium Futures is Jul 31, 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 Aluminium Futures before Jul 31, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Aluminium Futures this number is 4.48 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Aluminium Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Aluminium Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Aluminium Futures technicals for a more comprehensive analysis.