Aluminum is in a strong uptrend that's picking up speed.
#Aluminium PSE:ALI ➖ Aluminum is in a strong uptrend that's picking up speed.
• From the current price of $3,121.00 on Comex Aluminum Futures, there's solid potential for 25-30% upside.
• The main target is breaking the 2022 all-time high in the $3,900-$4,000 zone.
I already shared ideas on
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Long-Term Long ALI1 1W"Since the macro accumulation (1W) is confirmed by strong Higher Lows (HL) and the current structure has broken (BOS) the key resistance at the 0.5 Fib level, my bias is Long-Term Long.
I expect any pullbacks (e.g. to the "0.5 test") to be corrective.
Then the first logical target is to withdraw l
Aluminium Futures
The overall trend appears to be transitioning from a downtrend into a new uptrend.
Current Price Position: The price is currently testing the upper Bollinger Band, which suggests increased volatility. If the price continues to close near or above this upper band, it could indicate strong bullish
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Displays a symbol's price movements over previous years to identify recurring trends.









