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Aluminium - (MAL3)

Real-time derived
Symbol
Exchange
Currency
MALDerivedUSD
SAFc1SHFECNY
ALIc1CMEUSD
ALIc2CMEUSD
ALIc3CMEUSD
Currency in USD
2,689.65
-39.15(-1.43%)
Real-time Data

Aluminium Discussions

in comex 1.35 % down but in mcx still up ...cheating ...
almunium buy sl 263.45...269..275 28.2 .25 tk
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The squeeze was on in the spot/cash markets. Backwardation is unjust and struggling
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3 Month futures should follow the double top as invisioned.
only sl hit but still down side
now start sell aluminum 261-63 sl 265 taret 250-55
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246 arounds should end this base
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US holiday , feb future expiry massive backwardation. All helped it climb back up to the weekly bearish divergence line. Just a little left before we either need to have a break out or massive failure. Game on !
South East Asia country Indonesia is a top ranking commodities countries in Asia, they have rich natural resources, 3 months ago ban Iphone 16 product selingl in their countries, who care United State? you see their stock index
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The weekly rsi has been under a bearish divergence 13th Jan onwards. That hard to figure out where it goes next ?
today before market close aluminium 256.35 first and below expect 254.15 next
sell if come 258.70 ( add one more 261.9 if come )
This contract Trading at 2600....2620 so what do your numbers refer to ? April Aluminum at 3am eastern time
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Never has aluminium ever been this flat .. Some say its compressing. Some say they have been waiting for a dip to the wherevers but I guess its distributing all the levaraged warehoused positions for a lengthy downturn
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This is from a long term context, I look at the weekly/monthly
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This is from a long term context, I look at the weekly/monthly
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Check the bearish divergence on the weekly 13th Jan onwards
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2500 this month 2400 next month and pray the bottom stops at 2350 the month after. I still think green energy metals will withstand the worst in the next stagflation led recession. Copper will suffer the worst just as much as it has jubilated recenltly to reflect ongoing worsening macros, but lme has hit a cap and comex will be dissociated from the complex because of tariffs, just as north american premiums for aluminium are gonna rocket
Are you a bot??? Random numbers....meaningless
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Not meaningless, these are values which are so easily doable in the longer term once the dust settles. Aluminium where we are at is abnoxioulsy over valued with the current geo political/macro/trade environment
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pull out your long term charts from Dec 2023 and draw the bottom channel. You will see
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Movements are gaining amplitude, big % changes in coming near term
big in sell today confirm indication
who biy my call exit buy now
Buy or sell now?
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Could be heading for a double top at 2700 arounds too, so no reason to let go of your hedges just yet. Am positionally short for the fiasco which should take place beginning next month. 2500 will be revisited at the least so the higher your shorts are the better off you are. Hedge your way off between in the meanwhile …
low risk call : buy aluminium 256.20 or cmp 257.30 ..tgt 261.7,270.8 ( positional)
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Who sees a rising wedge here. Breakdown incoming 2500 arounds
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Wedge needed a little more completing, the rise to 2650 has sorta completed it.
249 again
259 target today
249 or 259 ?
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Looks like shaking weak hands moves. Long upper wicks dont lie on the 4 hr
I like the liquidity sweeps, wicks at support, the hammers best of all, very few wicks taken from above in comparison...trend is up....just patience....not a bad entry at 2625.. Copper showing the way...
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I meant it the other way round. It went up sweeping liqiudity but the upper wicks are putting pressure. We had a hanging man candle stick yesterday on the daily showing exhaustion on the up trend and today/tomorrow should confirm or negate the same.
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the 4 and 5hr look very different since China’s opened and make sense only if we consider the daily until this week closes. True, the trend is still up tho and this resistance is a make or break for the pattern
resistance now 257 in aluminum
More drop incoming
So you sold at the low? at 11pm eastern ,,,,was already at its low of 2550, so you figured lower? Careful with your money
253 is now resistance level
enjoy sellers
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If trump goes a little slow on canadian tariffs supply routes will re-align and wouldnt impact global prices. If he brings it on fast, this may spike while supply routes realign. On the other hand EU tariffs have no impact, new quota system for the year is near identical to what the EU buys from Russia already since they have been cutting supplies since 2022. Americans themselves will pay for the tariffs in higher prices and hope to be reimbursed by income tax cuts (mostly the corporates), it should not have an inflationary effect on other nations. Hence regional premiums may escalate but i dont see a case for a 2800$ Aluminium this year, least cuz the shorts got squeezed out last spike and this needs real buying to get it above 2700. COT is already bullish so if at all this has more chances of dissapointing to the downside.
The range is really tightening. Break of $2710 takes us to over $2800? Arent the tariffs meant to add upward price pressure?
Agreed
down on impatience tariffs coming pick the right producer and type aluminum USA going up CENX well positioned to benefit lower energy, easier permitting, domestic production, just green grants at risk....looking for cheap energy only imports the raw alumina from Jamaica
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*potential canadian tariffs
With or without tariffs alcoa showed and century has shown excellent earnings revenue and momentum in both yet share price down....dipped my toes in AA at 34 and added to cenx at 18.....inexplicable weakness ...raw aluminum even doing just fine....
my charts show 2650 key on aluminum, upward channel with top about 2750, want to see support around 2600, 2500 as bottom. Looking for above 2600, and have it... Bullish chart
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