Aluminium maintains a bullish sentiment, supported by a longer-term uptrend. However, recent price action shows sideways consolidation, indicating a potential breakout or corrective move in the near term.
Key Levels to Watch
Resistance Levels: 2708, 2740, 2780
Support Levels: 2660, 2544 (200 DMA), 2480, 2360
Bullish Scenario
A strong breakout above the 2660...
Key Trading Level: 94.70
Bearish Scenario:
The overall sentiment remains bearish, aligned with the longer-term prevailing downtrend. Recent price action suggests a sideways consolidation, indicating potential continuation of the downtrend. A bearish rejection from 94.70 could reinforce selling pressure, targeting 92.33 as the first support level, with further...
The GBPAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 2.0227. A potential overbought pullback from current levels, followed by a...
The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a...
Sentiment: Bullish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 3280, followed by 3315 and 3350.
Support: Key support is at 3200 followed by 3165 and 3140.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Bullish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2930, followed by 2955 and 3000.
Support: Key support is at 2895 followed by 2880 and 2830.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Bearish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 6870, followed by 6930 and 7000.
Support: Key support is at 6610 followed by 6540 and 6440.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 8760, followed by 8910 and 9000.
Support: Key support is at 8620 followed by 8536 and 9000.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment...
Sentiment: Bullish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 23460, followed by 23900 and 24033.
Support: Key support is at 22843 followed by 22520 and 22220.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or...
Sentiment: Bullish INTRADAY, Price action consolidates in a tight trading range.
Resistance: Key Resistance is at 8265, followed by 8309 and 8354 - 8400 levels.
Support: Key support is at 8099 followed by 7983 and 7928.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of...
Sentiment: Bearish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2135, followed by 2175 and 2208.
Support: Key support is at 2020 followed by 2000 and 1900.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 20660, followed by 21000 and 21315.
Support: Key support is at 19660 followed by 19300 and 18914.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 43145, followed by 43600 and 44000.
Support: Key support is at 43303 followed by 42000 and 41650.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Bearish INTRADAY Price action is consolidating in a tight trading range
Resistance: Key Resistance is at 5920, followed by 6003 and 6010.
Support: Key support is at 5664 followed by 5600 and 5554.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2476, followed by 2588 and 2718.
Support: Key support is at 2277 followed by 2157 and 2000.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2236, followed by 2296 and 2380.
Support : Key support is at 2153 followed by 2090 and 2000.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 92500, followed by 95145 and 97480.
Support : Key support is at 87530 followed by 85190 and 82550.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2100, followed by 2113 and 2123.
Support : Key support is at 2054 followed by 2035 and 2026.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as...
