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Aluminium Intraday Tips For Today

free aluminium tips

free aluminium tips

According to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance, and the bottom of this rectangle is the support. The trend is making frequent parallel channels between the support and resistance of this rectangle.

At present, aluminium is playing into support trendline (B). There is a crucial support. Fakeout, volume spike, massive buying pressure, and S-RSI crossover is made in that area.

So, break out of the crucial support means downfall for the levels of 143.6 – 142.6.

…but aluminium will try to climb because of 50 & 10 MA crossover. Therefore we may see prices at 146.6 – 147.4 – 148+ soon.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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