National Aluminum breakout confirmed of 15 month correction and consolidation zone now back to retest zone multiple support around 93 zone with support as 93 day closing bases one can go long for rally upto 110-115-125 . in next6 month
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metal sector has been doing extremely well and National Alum has been outperforming. This is one chart which is bullish even in a bear market.
The trend is buy on dips. there is a strong support at 118.75 level and the stop loss should be below the support.
NATIONAL ALUMINIUM LONGReasons to buy:
-RSI above 60
-Recent MACD Crossover
-Higher volume in the past 5 trading sessions
Fits all three criterias! It's a buy!!1
Nationalum Oct Futa. Zone: Strong Bear
b. Resistance 1: 33.20
c. Resistance 2: 35.60
d. Support 1: 32.20
e. Support 2: 30.20
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Frequently Asked Questions
The nearest expiration date for NATIONAL ALUMINUM FUTURES is Jun 27, 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 NATIONAL ALUMINUM FUTURES before Jun 27, 2024.