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Aluminum Futures - Nov 24 (MAN)

Real-time derived
Symbol
Exchange
Currency
MALDerivedUSD
SAFc1SHFECNY
ALIc1CMEUSD
ALIc2CMEUSD
ALIc3CMEUSD
Currency in INR
238.40
+0.15(+0.06%)
Delayed Data

Aluminium Discussions

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Who sees a rising wedge here. Breakdown incoming 2500 arounds
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?
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
it's a month end presure and the mcx contract going to change. selling possibilities are very high
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Todays fail at 2650 was it. Next it falls past 2600 will be a steep slope to 2500
yes ,
Retest looks done Tariffs next Expect over 2700 medium turn
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Putin in talks with trump will make some price out EU sanction on russian metal
good round up closing. tomorrow morning should better gap down posible as per the position. many resistance for up side zone . well catch next fall .
mcx aluminium bselers b continue sell till 240 EOM
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Nothing will happen until after the 1st of Feb
sellers book full profit now
sl move now 257 only
252 minimum
dry counter
upside rally over now wait down side taret only
sell all metals ...sl day high only
up 10% in 2 weeks again challenging major resistance at 2700
sell now big 254.30 sl 257 target 244!48 inyraday soon
2651 SL Tgt 2500 this month.
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Apart from no new Russian warrants in lme, EU imported 22% of primary russian aluminijm in 2022, 11% in 2023 and only 6% in 2024
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