Type : Bearish Drop
Resistance : 224.00
Support : 208.80
Preferred Case: On the H1, price is moving below the ichimoku cloud and along the descending trendline which supports our bearish bias that price will rise and drop from our pivot at 217.75 in line with the overlap resistance, 23.6% fibonacci retracement, 78.6% fibonacci projection and 50%...
The energy crisis continues to provide a strong support, not only for crude prices, but also for industrial metals. Last week aluminium added 9.2% and copper prices gained 9.17%. The absolute leader was zinc that jumped 20.49% in price.
The price of aluminium, which is one of the most energy-intensive commodities, is at a record high. On Monday morning its price...
Low EV/EBITDA combined with high demand for light metals (lightweight electric cars, bicycles, scooters etc.), raging inflation, and an all-time low gives this stock a good chance.
I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock.
find it interesting, this is the sum of all commodities divided by the money supply.
probably doesn't mean anything, anyway interesting.
Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets.
give me your perspective and ideas
Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research.
CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...
P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. Aluminium is one of the huge demand products in future for the E.V. car.
From the chart we have found that price are making higher low and sit on SBR at 0.490 - 0.515 zone area. If break 0.560 can going further to north and...
MCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5.
Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B .
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
According to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance , and the bottom of this rectangle is the support . The trend is making frequent parallel channels between the support and resistance of this rectangle.
At present, aluminium is playing into support trendline (B) . There is a crucial...
This is a Bullish indicator signaling HWM's price could rise from here. Traders may explore going long the stock or buying call options. I identified 47 similar cases where HWM's MACD histogram became positive, and 40 of them led to successful outcomes. Odds of Success: 85%.
AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the...
Copper has had a rough time over the past five or so years and is still at a pretty low price when compared to other base metals.
Lead, zinc, tin and aluminium have more or less been rallying since mid-2015, so just copper and nickel that have fallen behind.
Time for a quick burst of action upwards here- I have gone long with a small stake and fairly tight stop....