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Aluminum

ALUMINIUM: Selling opportunity following trendline breakALUMINIUM climbed a steep uptrend but it might meets its end with this recent break through this rising trendline. When price respects a trendline repeatedly, it becomes significant, its break indicating either a potential reversal or major pause in the trend. The candlestick that broke the trendline signals the first hint of structural change. After breaking, price traced backward to retest the trendline. The retest manifested as a cluster of candles with wicks testing the former trendline but failing to reclaim it. That failure to reclaim, might signal seller conviction and transformation of market structure. But it would need additional confirmation to confirm the signal. Ideally, what I look for in retests is to be met with a confirming candle, typically a bearish engulfing or marubozu closing below the trendline. This would confirm the sellers have taken over and validate the change from uptrend to potential downtrend or consolidation phase. If I were to take a side here, I would choose more downside, but again only price action should determine next move. However, if price breaks back above the trendline with conviction, especially engulfing the retest, it would invalidate the bearish scenario, suggesting that the uptrend may resume with fresh momentum. Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:ALUMINIUMShort
by TrendDiva
29
XAL/USD "The Aluminium" Metal Market Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAL/USD "The Aluminium" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. Stop Loss 🛑: Thief SL placed at 2630 (Swing/Day) Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 2480 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. XAL/USD "The Aluminium" Metal Market Heist Plan (Swing/Day) is currently experiencing a bearishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
CAPITALCOM:ALUMINUMShort
by The-Thief
2
Aluminium Market Analysis The Week Ahead 03rd March ‘25Aluminium maintains a bullish sentiment, supported by a longer-term uptrend. However, recent price action shows sideways consolidation, indicating a potential breakout or corrective move in the near term. Key Levels to Watch Resistance Levels: 2708, 2740, 2780 Support Levels: 2660, 2544 (200 DMA), 2480, 2360 Bullish Scenario A strong breakout above the 2660 resistance level could confirm bullish continuation, targeting 2708, followed by 2740 and 2780 in the longer term. If price sustains above 2660, it would signal renewed buying interest, reinforcing the prevailing uptrend. Bearish Scenario A confirmed breakdown below 2544 (200 DMA), with a daily close under this level, would weaken the bullish outlook. This could open the door for further declines toward 2480, with extended downside risk toward 2360 if selling pressure persists. Conclusion Aluminium remains bullish, but price action around 2660 will determine the next move. A breakout above this level could drive further gains, while a failure to hold above key support at 2544 may shift momentum toward a deeper correction. Traders should monitor these levels closely for confirmation of trend direction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:ALUMINIUM
by TradeNation
ALUMINIUM at Key Resistance – Potential Drop to 2,630FUSIONMARKETS:XALUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2,630 level, which represents a logical target within the current market structure. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
FUSIONMARKETS:XALUSDShort
by TrendDiva
1
Aluminum Market Turns Bullish: What's Driving the Price Surge?Aluminum futures have rebounded significantly, surging to over $2,690 per tonne after hitting a four-month low of $2,460 on January 6th. This increase is driven by expectations of reduced supply from major producers and a recovery in demand. ● A crucial level to watch is $2,710, as exceeding this threshold could trigger a further price hike. ◉ Several key factors are influencing aluminum prices: 1. EU Sanctions on Russian Aluminum: The European Union's impending sanctions on primary aluminum imports from Russia will reduce market availability, as manufacturers have already distanced themselves from Russian products following the 2022 Ukraine invasion. 2. China's Record Production: China produced a record 44 million tons of aluminum in 2024, but output is expected to slow as Beijing aims to cap production at 45 million tons to prevent oversupply and meet carbon emission targets. 3. Demand Growth in China: China's industrial output surged in December, accompanied by rising credit aggregates, indicating that the People's Bank of China's monetary stimulus positively impacts economic activity and aluminum demand.
CAPITALCOM:ALUMINUMLong
by NaranjCapital
Reynolds Consumer Products | REYN | Long at $27.00Reynolds Consumer Products NASDAQ:REYN is a "boring" company with excellent fundamentals. P/E of 15x, 3.35% dividend yield, low debt, and a 53M float. The Director just scooped up $196,000 in shares and earnings are expected to growth (while slowly) over the next few years. It recently tested the low of my historical simple move average (teal and white lines on the chart) and it looks primed for a move up to fill the price gaps. Thus, at $27.00, NASDAQ:REYN is in a personal buy zone. Target #1 = $29.00 Target #2 = $31.00 Target #3 = $34.00
NASDAQ:REYNLong
by WorthlessViews
LOOKING FOR 59 % OF ROI IN 99 DAYS ? HAVE A LOOK ON THIS SHAREWorldwide Aluminium Ltd (Formerly known Worldwide Leather Exports Ltd) was incorporated in June, 1990. The Haryana based company was earlier engaged in the business of merchant exporting of footwear. The Company opened a retail outlet in Gurgaon underthe name of Bertini Retail during 2004. During 200506, the Company showcased shoes under the Bertini brand at Shoppers Stop. It became a preferred supplier to the prestigious chain Shoe Tree. Recently, it signed an MOU for supply of select footwear to owners of Egle brand under their new launch of Homme.Thereafter, the Company altered the main object clause of the Memorandum of Association there by enabling to carry on the business relating to Manufacturing, Trading of aluminum foils, powders, wires, cable sheets and grills during year 201718. The name of Company was changed from Worldwide Leather Exports Limited to Worldwide Aluminium Limited during 201920 and resulting during 201920, it engaged in the trading of all kinds of aluminium foils, aluminium sheets, strips, coils, PP caps etc. AI LED THREADS ARE ABOUT TO COME IN COMPANY ORDER BOOK SPOT 14 CMP CAN ADD UPTO 12 RS HOLD THEN BOOOK OON 19 OR TSL TODAY DATE 9 ARIL 2024 FOR MORE MAIL US ON VIJAY MARKETING WEBSITE
BSE:WWALUMLong
by EasyLife_Advisor
Metal Commodities Year End ReviewCOMEX: Micro Gold ( COMEX_MINI:MGC1! ), Copper ( COMEX:HG1! ), Aluminum ( COMEX:ALI1! ) 2023 is coming to an end. What are some of the biggest headlines of the year? • China’s ending of Zero-Covid gave hope to global economic recovery and an increase in commodities demand, but it was short-lived; • U.S. regional bank crisis triggered a flight to safety; • U.S. debt ceiling crisis escalated but was resolved at the eleventh hour; • The runaway inflation was contained as the Federal Reserve hiked interest rates eleven times; • House Speaker Kevin McCarthy was ousted in a history making vote; • The Israel-Hamas conflict broke out in October, and geopolitical risk intensified as shipping routes in the Red Sea were under attack by the Houthi militia; • U.S. reins in Cryptos with public trials and huge fines rendered to two large Exchanges; • Fed cut became the new market narrative, which pushes equities to record high. These events have significant impacts on commodities. Today, I will give a high-level review of metal commodities’ performance in 2023, and what lies ahead in 2024. Energy and Agricultural commodities will be covered in my subsequent writings. A Good Year for Precious Metals As of December 27th, Gold futures are up 13.2% year-to-date to $2,091 per troy ounce. The benchmark precious metal reclaims its status as the preferred safe-haven asset. • The collapses of three regional banks in March posted a potential systemic risk in the US banking system. Gold gained 13% within a month as investors bought bullion and dumped dollar-denominated assets. • Gold pulled back by 7% following the resolution of the debt ceiling crisis in early June, and the US government avoided a default of sovereignty debt. • Since the Gaza War broke out, gold gained 9% as the geopolitical crisis escalated. • Gold rises as the Fed cut narrative takes hold and investors are increasingly bullish. On December 3rd, spot gold reached an all-time high of $2,146. 2024 Outlook for Gold: Lowering interest rates is bullish for gold, as the opportunity cost to hold the non-yielding bullion would be lower, comparing to interest bearing instruments. With two ongoing regional wars, geopolitical tension is expected to remain high in the new year. This is also positive for safe-haven assets like gold. The December 19th CFTC Commitments of Traders report (COT) shows that “Managed Money” has 155,697 long positions and 47,421 short positions. The 108K net long positions indicate that speculative traders are very bullish on gold. Trade Ideas: Buying gold in the dip may be a good strategy in 2024. For example, a pullback could happen if the Fed issues a hawkish statement, or monthly inflation rate rebounds, or a cease-fire achieved in either the Middle East or Ukraine. The February contract (MGCG4) of COMEX Micro Gold Futures is quoted at 2091.6 on Wednesday. Each contract has a notional value of 10 troy ounces, or $20,916 at current price. To buy 1 contract, investors are required to deposit $830 in initial margin. Hypothetically, if gold futures bounds back to its all-time high $ 2,146, a long position would gain 54 points and $540 per contract (= 54 x $10). This would represent a theoretical return of 65% (= 540/830) excluding transaction fees. On the other hand, if gold price pulls back, the long position would lose $10 for each $1 of gold price decline per ounce. Copper Under Pressure by Gloomy Economic Outlook As of December 27th, copper futures are up 4.9% year-to-date to $3.98 per pound. The expected change in the balance of supply and demand drives copper price trend. • In November 2022, China ended a 3-year-long Zero-Covid policy. It gave hope to global economic recovery and an increase in commodities demand. Copper rose from $3.60 to $4.20, up 16% within two months. • China’s economic recovery lost steam after just one quarter. Copper prices have been trending down most of the year and touched a 52-week low of $3.55 in October. • Recent data shows the U.S. economy to be resilient, employment market strong and inflation trending down. Adding in the aggressive rate cut expectations, copper rebounded 12% to $3.98. 2024 Outlook for Copper: Below is the projected balance of supply and demand for copper, according to data from International Copper Study Group (ICSG). • 2024: supply 27.8 million tons (mt), demand 27.5mt; excess supply is 300,000 tons. • 2025: supply 28.6mt, demand 28.4mt; excess supply is 170,000 tons. As an industrial commodity, copper supply tends to be relatively stable and easy to forecast. However, its demand could vary substantially as business cycle rotates from boom to bust. The March contract (HGH4) of COMEX Copper Futures is quoted at $3.954 per pound on Wednesday. Each contract has a notional value of 25,000 pounds, or $98,850 at current price. To buy 1 contract, investors are required to deposit $4,500 in initial margin. The recent COT report shows that Managed Money has 60,873 long positions and 45,806 short positions. The net long positions are small, not a good signal on trader intention. While investors expect a soft landing for the US economy, whether the global economy could avoid a recession remains to be seen. Geopolitical tensions add to the uncertainty. I would wait for more data on copper demand before forming a trading strategy. Aluminum Taking a Hit as Demand Weakened As of December 27th, aluminum futures are up 0.4% year-to-date to $2,335 per ton. Like copper, the balance of supply and demand drives aluminum price trend. • China’s ending of Zero-Covid pushed aluminum prices up $400 within a month. • Aluminum prices have since declined and touched a 52-week low of $2,072 in August. • With good economic data and rate cut expectations, aluminum rebounded 13%. 2024 Outlook for Aluminum: The forecasted balance of supply and demand for aluminum by SMM: • 2023: supply 49.9mt, demand 50.0mt, supply shortage is 93,000 tons. • 2024: supply 51.1mt, demand 51.1mt, supply shortage is 50,000 tons. Current forecast estimates that aluminum is near supply and demand balance in 2024. The March contract (ALIH4) of COMEX Aluminum Futures is quoted at $2,375.5 per ton on Wednesday. Each contract has a notional value of 25 tons, or $59,387.5 at current price. To buy 1 contract, investors are required to deposit $2,000 in initial margin. The recent COT report shows that Managed Money has 451 longs and 1,201 shorts. The net short positions indicate that speculative traders are bearish on aluminum. I would wait for more data on aluminum demand before forming a trading strategy. To sum up , I am bullish on gold with an outlook for lower interest rates and heightened geopolitical risks. For copper and aluminum, demand outlook is uncertain depending on whether a global economic recession could be avoided. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!Long
by JimHuangChicago
Aluminium to start advancing soon.The metal was spotted in a corrective phase to a prior 5 wave rise it had displayed from Oct 2023-Nov 2023. The corrective structure still looks incomplete though.2200 is the support area for this commodity and also the area from which the next leg up towards 2350 is expected to begin. You can also witness the classis price-volume relation on this chart. Volume going up when price goes up and Volume declining with price falling which is a bullish sign as it shows the direction of market participation is up not down. Note*-This is not a buy/sell advice. Chart is based on personal observations/opinions.
CAPITALCOM:ALUMINUMLong
by neeraj_2_sharma
#Aluminium - Could reach $2500 and $2700Hi guys! 👋🏻 🔔 There's no clean energy without Aliminium, which is widely used in electric vehicle and solar panels production 🔔 One of the largest consumers of Aluminium - China is expected to increase the demand for the metal in its e-vehicle, clean energy and airplane production. 🔔 Other fundamentals which support higher demand for metals are: global ecnomies raise their expenses on military, renewing their military equipment. 🔔 Aluminium daily chart www.tradingview.com ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
PEPPERSTONE:ALUMINIUM
by azizelliott
1
Hulamin just gave an awesome buy signal to R3.59W FORMATION formed on Hulamin which broke above the neckline today. Tomorrow if the price opens above the Neckline the signal will be solidified. 7>21 - Bullish Price<200 - Mixed RSI <50 and bearish divergence Target R3.59 FUNDAMENTALS Hulamin Limited is a leading aluminum semi-fabricator and fabricator based in South Africa. Hulamin produces a wide range of high-quality aluminum products, including rolled products, extrusions, and aluminum cans. Hulamin's rolled products include aluminum plates, sheets, and coils, which are used in the transportation, packaging, and construction industries, among others. The company's extrusions are used in a variety of applications, including building and construction, transportation, and engineering. Hulamin is looking bullish which is curious considering the resources on the JSE is showing downside to come. This is probbaly because there is high demand for aluminium than precious metals at the moment.
JSE:HLMLong
by Timonrosso