As geopolitical risks continue to cast a shadow over both equities and commodities, it is essential to recognize the crucial roles commodities play during times of conflict and the potential implications of any escalation on specific commodities.
Aluminum, valued for its malleability, corrosion resistance, and capacity to be intricately machined, finds...
I have determined that the current price of aluminum is within a favorable buying range. Should the price remain within this range, there is a potential for upward movement.
I have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form.
They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
Paradoxically, aluminium was one of the worst performing base metals over the past month (22 May to 23 June 2023) despite the bauxite ore ban potentially tightening the market. In 2022, Indonesia produced some 21 million tonnes of bauxite, according to data from the US Geological Survey, making it the world’s fifth-largest producer. Almost 85 percent was exported...
Entry: 204.40
Stop Loss: 204.60
Take Profit: 203.95
Time: 8:00 PM IST
Reason for entry: super trend indicating a good selling setup in 5 mins and 15 minutes timeframe.
US plans 200% tariff on Russian aluminum this week
The United States is preparing to impose a 200% tariff on Russian-made aluminum as early as this week to keep pressure on Moscow, Bloomberg reported (www.bloomberg.com), citing people familiar with the situation.
The move has been under consideration for months, the sources said, adding that the US is also...
Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 211.00, where the 50% Fibonacci line is. Stop loss will be at 201.40, where the recent swing low is. Take profit will be at 230.10, where the 38.2% Fibonacci line is.
Please be...
Title: Aluminum Futures ( ALUMINIL ), H4 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 218.00
Pivot: 211.00
Support: 201.40
Preferred case: Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect...
The daily chart of aluminum indicates the end of a five-wave bearish trend, and given the break of the two-to-four channel, at least a heavy upward correction is expected.
This scenario is fully consistent with the general growth of commodities due to the change in China's corona policy.
#MahsaAmini
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
30MTF
Short
Indicatrors: Bollinger bands , 200EMA , RSI
Bollinger bands 20Moving average rejection
Price closed below 200EMA
RSI Below 40
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels.
Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment
purpose...
Type : Bearish Drop
Resistance : 224.00
Pivot: 217.75
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%...
