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Aluminium - (MAL3)

Real-time derived
Symbol
Exchange
Currency
MALDerivedUSD
SAFc1SHFECNY
ALIc1CMEUSD
ALIc2CMEUSD
ALIc3CMEUSD
Currency in USD
2,607.60
-6.65(-0.25%)
Closed

Aluminium Discussions

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This has slipped into a contango after a long time, time for it to widen to its healthy 20$ + range and then maybe I’ll start buying again
buy transfer in april contract sl 252-53 now
sl will.hit bro plz don't made call when you're not sure like me people who faith on you take hung loss
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That being said sub 2500 is a given, the backwardation hitting its usual range of 20$ contango should amplify the fall in spot markets.
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What ppl get wrong often is trying to get a quick reversal profit up when the markets are in due for a steep correction. Trying to catch the next big move in the same direction takes a phase of correction and then some consolidation. So stop trying to catch falling knives.
holdding buy tightly wait till evening
now hold big buy sl 261 target 266
exit sell buy start near 262-63 sl 259 target 266-67 again
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Lotta inventory tied to financing deals are gonna be heading into inventory this month end and the next. That and the tariff impact on incoming data leaves a question of where the bottom is rather than the top !
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Lot of this capital deployment are temporary hedges for EQ. Base metals have almost always mirrored the Dow but tariff panick make it work the other way round. Dow has got more room to fall and base metals will be topping off. When dow is done correcting, base metals metals shall unwind and correct to sub 2500s at the least , you will see more of permanent multi year deployments towards green energy transition there after. That uptrend will hold for a longer time.
sell below 266-68 .
I dont get why CME copper has such a big premium over LME copper but not this despite tariifs. Anyone know why?
There it is Trading above 2700....imagine... The huge ascending triangle is giving way....alcoa cenx...even cstm looking tasty.....but not a word.... Where are aluminum sector junkies hanging out? Can I listen in?
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Base metals have become a hedging instrument for EQ. Thats all .. Fundamentals can only be ignored for so long under a cloud of recession and tariff driven demand destruction. Who do you think is selling in this topping range. The producers ofc, hedging months worth of produce for the impending downturn
Buy Aluminium at CMP target 260.5
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Once all the hubla with US tariffs is done and demand deferment takes hold this should be only 6% higher than the Aug/Sep lows by the end of next quarter only to account for real inflation. Path thereafter will be one of staglfation. I dont expect this to fall too much further than 2400 where it should cycle back to 2700 and so forth for the remainder of the year. Somewhere during that will be long term investors re entering for good and until its apparant that green energy and power grid augmentation in the US is the way forward.
Instead.... Nice lovely ascending with topline at 2700...lovely chart...patience...above 2700 and away....have been putting aa and cenx away....very bullish chart...
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4hr and weekly RSI is still bearish divergent, only a breakout would change my view albiet against my strong bearish fundamental bias
sl move 261 now and hold sell .
sl move 261 now and hold sell
sell aluminium below 256.8 tgt 255.6,253.5 sl 259.4 above
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2580 tomorrow before US starts
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On friday more selling during EU session before some buying later in US session. Monthly will end lower than last month candle
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If all goes as per above then the candles and pattern look very ominous for a visit to the sub 2400s in March/April
sell aluminum now march contract sl same 266 now wait sure once 250 comes soon
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Its got soo much more room to fall …
only sl hit but sure down side because not sustain above 266...
257 minimum today wait .
sell hold same below 266 sure down soon
Sell aluminium ( march ) 259.3 below or buy above 261.3 ) tgt 1 = 0.90, tgt 2= 1.70)
first target hit 258.40 ,,
It seems like it will drop about 3% and rise up again
...
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