Tag Archives: nse aluminium

Aluminium Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Apr 23, 2018 – Apr 27, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 10.80%.

As we have mentioned last week, that commodity has broken out of 10 years of consolidation. Virtually no resistance is visible. Resistance for the commodity lies in the zone of 155 to 157. If the commodity manages to close above these levels then the commodity can move to the levels of 163 to 165. During the week the commodity manages to hit a high of 179 and close the week around the levels of 166.

Support for the commodity lies in the zone of around 155 to 160. If the commodity manages to close below these levels then the commodity can drift to the levels of 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs.

The commodity has broken out of 10 years of consolidation. Virtually no resistance is visible. Resistance for the commodity lies in the zone of 170 to 175. If the commodity manages to close above these levels then the commodity can move to the levels of 185 to 190.

Broad range for the commodity in the coming week can be seen between 140 – 145 on downside and 180 – 185 on upside.

Aluminium Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Apr 16, 2018 – Apr 20, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 13.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 135 to 137 where long term moving averages and lows for the month of February-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 139 to 141 where short and medium term moving averages are lying. During the week the commodity manages to hit a high of 156 and close the week around the levels of 150.

Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 135 to 138 where short; medium & long term moving averages are lying.

The commodity has broken out of 10 years of consolidation. Virtually no resistance is visible. Resistance for the commodity lies in the zone of 155 to 157. If the commodity manages to close above these levels then the commodity can move to the levels of 163 to 165.

Broad range for the commodity in the coming week can be seen between 130 – 135 on downside and 165 – 168 on upside.

Aluminium Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Apr 09, 2018 – Apr 13, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 125 from where the commodity broke out in the month of August-2017. During the week the commodity manages to hit a low of 128 and close the week around the levels of 133.

Support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 125 from where the commodity broke out in the month of August-2017.

Resistance for the commodity lies in the zone of 135 to 137 where long term moving averages and lows for the month of February-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 139 to 141 where short and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 125 – 127 on downside and 138 – 140 on upside.

Aluminium Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Apr 02, 2018 – Apr 06, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 1.60%.

As we have mentioned last week, that support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 125 from where the commodity broke out in the month of August-2017. During the week the commodity manages to hit a low of 130 and close the week around the levels of 130.

Support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 125 from where the commodity broke out in the month of August-2017.

Resistance for the commodity lies in the zone of 135 to 137 where long term moving averages and lows for the month of February-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 139 to 141 where short and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 125 – 127 on downside and 138 – 140 on upside.

Aluminium Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Mar 26, 2018 – Mar 28, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 1.90%.

As we have mentioned last week, that support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018 and February-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. During the week the commodity manages to hit a low of 132 and close the week around the levels of 133.

Support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 125 from where the commodity broke out in the month of August-2017.

Minor resistance for the commodity lies in the zone of 135 to 137. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 125 – 127 on downside and 138 – 140 on upside.

Aluminium Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Mar 12, 2018 – Mar 16, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 2.10%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018 and February-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017. During the week the commodity manages to hit a low of 136 and close the week around the levels of 137.

Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018 and February-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017.

Minor resistance for the commodity lies in the zone of 139 to 140. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 145 – 148 on upside.

Aluminium Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Mar 05, 2018 – Mar 09, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 138 and close the week around the levels of 140.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018 and February-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and formed a bottom in the month of December-2017.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Feb 26, 2018 – Mar 02, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 1.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152. During the week the commodity manages to hit a high of 144 and close the week around the levels of 140.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Feb 19, 2018 – Feb 23, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 136 and close the week around the levels of 142.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 132 – 135 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Feb 12, 2018 – Feb 16, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 3.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 137 and close the week around the levels of 137.

Support for the commodity lies in the zone of around 136 to 137 where the commodity has taken support in the month of January-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 139 to 140. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 144 – 146 on upside.

Aluminium Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Feb 05, 2018 – Feb 09, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 139 and close the week around the levels of 142.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of December-2017 and January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 135 – 137 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Jan 29, 2018 – Feb 02, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 0.10%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 140 and close the week around the levels of 142.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 136 to 137 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 135 – 137 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Jan 22, 2018 – Jan 25, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 141 to 142. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152. During the week the commodity manages to hit a high of 145 and close the week around the levels of 142.

Minor support for the commodity lies in the zone of 139 to 140. Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 141 to 142. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 133 – 135 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Jan 15, 2018 – Jan 19, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. During the week the commodity manages to hit a low of 137 and close the week around the levels of 141.

Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 141 to 142. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 133 – 135 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Aluminium for the week  ( Jan 08, 2018 – Jan 12, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 2.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152. During the week the commodity manages to hit a high of 145 and close the week around the levels of 139.

Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 141 to 142. Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Aluminium for the week  Jan 01, 2018 – Jan 05, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 140 to 142 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 148 to 150. During the week the commodity manages to hit a high of 146 and close the week around the levels of 143.

Minor support for the commodity lies in the zone of 140 to 141. Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 144 to 146 where the commodity has formed a top in the month of July-2008. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152.

Broad range for the commodity in the coming week can be seen between 132 – 134 on downside and 150 – 152 on upside.

Aluminium Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Dec 26, 2017 – Dec 29, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 6.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 140 to 142 where the commodity has formed a top in the month of November-2017. During the week the commodity manages to hit a high of 140 and close the week around the levels of 140.

Support for the commodity lies in the zone of around 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying.

Resistance for the commodity lies in the zone of 140 to 142 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 148 to 150.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Dec 18, 2017 – Dec 22, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 127 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 128 and close the week around the levels of 132.

Support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 127 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 134 to 136 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 140 to 142 where the commodity has formed a top in the month of November-2017.

Broad range for the commodity in the coming week can be seen between 124 – 126 on downside and 138 – 140 on upside.

Aluminium Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Dec 11, 2017 – Dec 15, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 3.20%.

As we have mentioned last week, that support for the commodity lies in the zone of around 130 to 131 from where the commodity broke out of March-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 126 to 128 where long term moving averages are lying. During the week the commodity manages to hit a low of 129 and close the week around the levels of 130.

Support for the commodity lies in the zone of around 129 to 131 from where the commodity broke out of March-2017 highs and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 127 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 133 to 135 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 138 to 140 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 124 – 126 on downside and 135 – 137 on upside.

Aluminium Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Dec 04, 2017 – Dec 08, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 2.30%.

As we have mentioned last week, that support for the commodity lies in the zone of around 133 to 134 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 130 and close the week around the levels of 134.

Support for the commodity lies in the zone of around 130 to 131 from where the commodity broke out of March-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 126 to 128 where long term moving averages are lying.

Resistance for the commodity lies in the zone of 138 to 140 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 142 to 144 where the commodity has formed a top in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 126 – 128 on downside and 143 – 145 on upside.

Aluminium Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Nov 27, 2017 – Dec 01, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 138 to 140 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 142 to 144 where the commodity has formed a top in the month of October-2017. During the week the commodity manages to hit a high of 137 and close the week around the levels of 137.

Support for the commodity lies in the zone of around 133 to 134 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 138 to 140 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 142 to 144 where the commodity has formed a top in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 143 – 145 on upside.

Aluminium Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Nov 20, 2017 – Nov 24, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 135 and close the week around the levels of 136.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 138 to 140 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 142 to 144 where the commodity has formed a top in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 143 – 145 on upside.

Aluminium Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Nov 13, 2017 – Nov 17, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on negative note losing around 2.70%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 135 and close the week around the levels of 137.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 138 to 140 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 142 to 144 where the commodity has formed a top in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 143 – 145 on upside.

Aluminium Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Nov 06, 2017 – Nov 10, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 137 and close the week around the levels of 141.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 132 – 134 on downside and 148 – 150 on upside.

Aluminium Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Oct 30, 2017 – Nov 03, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 138 and close the week around the levels of 140.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Oct 23, 2017 – Oct 27, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 136 and close the week around the levels of 138.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Oct 16, 2017 – Oct 19, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (137.50) closed the week on negative note losing around 1.70%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 137 and close the week around the levels of 137.50.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Oct 09, 2017 – Oct 13, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (139.85) closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 137.15 and close the week around the levels of 139.85.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Oct 03, 2017 – Oct 06, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (137.90) closed the week on negative note losing around 0.80%.

As we have mentioned last week, that support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs. During the week the commodity manages to hit a low of 137 and close the week around the levels of 138.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Sep 25, 2017 – Sep 29, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (138.99) closed the week on positive note gaining around 5.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 133 to 134. If the commodity manages to close above these levels then the commodity can move to the levels of 136 to 138. During the week the commodity manages to hit a high of 141 and close the week around the levels of 139.

Support for the commodity lies in the zone of around 135 to 137 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 from where the commodity broke out of March-2017 highs.

Resistance for the commodity lies in the zone of 143 to 145. If the commodity manages to close above these levels then the commodity can move to the levels of 149 to 151.

Broad range for the commodity in the coming week can be seen between 130 – 132 on downside and 146 – 148 on upside.

Aluminium Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Sep 18, 2017 – Sep 22, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (132.35) closed the week on negative note losing around 0.40%.

As we have mentioned last week, that support for the commodity lies in the zone of around 133 to 134 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 131 where break out levels are lying. During the week the commodity manages to hit a low of 131.50 and close the week around the levels of 132.

Support for the commodity lies in the zone of around 130 to 131 from where the commodity broke out of March-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 127 to 128 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 133 to 134. If the commodity manages to close above these levels then the commodity can move to the levels of 136 to 138.

Broad range for the commodity in the coming week can be seen between 125 – 127 on downside and 138 – 140 on upside.

Aluminium Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 28, 2017 – Sep 01, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (131.30) closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142. During the week the commodity manages to hit a high of 135 and close the week around the levels of 131.30.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Aluminium Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 21, 2017 – Aug 25, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (131.05) closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142. During the week the commodity manages to hit a high of 134.40 and close the week around the levels of 131.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Aluminium Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 14, 2017 – Aug 18, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (130.30) closed the week on positive note gaining around 7.60%.

As we have mentioned last week, that support for the commodity lies in the zone of around 121.00 to 121.50 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119.50 to 120 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 121.50 and close the week around the levels of 130.30.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Aluminium Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 07, 2017 – Aug 11, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.10) closed the week on absolutely flat note.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 122 to 122.50. Resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 to 125.50 where Fibonacci level is lying. During the week the commodity manages to hit a high of 123.65 and close the week around the levels of 121.10.

Support for the commodity lies in the zone of around 121.00 to 121.50 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119.50 to 120 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 122 to 122.50. Resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 to 125.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 119 – 120 on downside and 123 – 124 on upside.

Aluminium Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 31, 2017 – Aug 04, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.15) closed the week on negative note losing around 1.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 to 125.50 where Fibonacci level is lying. During the week the commodity manages to hit a high of 125.40 and close the week around the levels of 121.15.

Support for the commodity lies in the zone of around 121.00 to 121.50 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119.50 to 120 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 122 to 122.50. Resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 to 125.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 119 – 120 on downside and 123 – 124 on upside.

Aluminium Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 24, 2017 – July 28, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (122.45) closed the week on negative note losing around 0.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 123.50 to 124. Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017. During the week the commodity manages to hit a high of 124.20 and close the week around the levels of 122.45.

Support for the commodity lies in the zone of around 121.00 to 121.50 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119.50 to 120 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 to 125.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 124 – 125 on upside.

Aluminium Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 17, 2017 – July 21, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.10) closed the week on negative note losing around 1.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 123.50 to 124. Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 120.90 and close the week around the levels of 123.10.

Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the commodity lies in the zone of 123.50 to 124. Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 125 – 126 on upside.

Aluminium Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 10, 2017 – July 14, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.45) closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the commodity lies in the zone of 124.50 to 125 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017. During the week the commodity manages to hit a high of 125.80 and close the week around the levels of 124.45.

Minor support for the commodity lies in the zone of 123.50 to 124. Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 126 – 127 on upside.

Aluminium Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 03, 2017 – July 07, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.55) closed the week on positive note gaining around 3.00%.

As we have mentioned last week that support for the commodity lies in the zone of around 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 119 and close the week around the levels of 123.55.

Minor support for the commodity lies in the zone of 122.50 to 123. Support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 124.50 to 125 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 126 – 127 on upside.

Aluminium Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 27, 2017 – June 30, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (120.00) closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of around 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 120 and close the week around the levels of 120.

Support for the commodity lies in the zone of around 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123.00 to 123.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 117 – 118 on downside and 122 – 123 on upside.

Aluminium Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 19, 2017 – June 23, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (120.25) closed the week on negative note losing around 1.90%.

As we have mentioned last week that support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 120 and close the week around the levels of 120.25.

Support for the commodity lies in the zone of around 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123.00 to 123.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 117 – 118 on downside and 122 – 123 on upside.

Aluminium Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 12, 2017 – June 16, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (122.60) closed the week on negative note losing around 1.00%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 123.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 121 to 121.50 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 121 and close the week around the levels of 122.60.

Support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 123.00 to 123.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 124.50 to 125 where short & medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 124 – 125 on upside.

Aluminium Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 05, 2017 – June 09, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.85) closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.30. Support for the commodity lies in the zone of around 124 to 124.50 from where the commodity broke out of declining trend-line resistance. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 123.50 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 122.85 and close the week around the levels of 123.85.

Support for the commodity lies in the zone of around 123 to 123.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 121 to 121.50 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 124.50 to 125. Resistance for the commodity lies in the zone of 126.50 to 127 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a top in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 126 – 127 on upside.

Aluminium Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 29, 2017 – June 02, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.90) closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the commodity lies in the zone of 126.50 to 127 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a top in the month of March-2017. During the week the commodity manages to hit a high of 126.90 and close the week around the levels of 125.90.

Minor support for the commodity lies in the zone of 125 to 125.30. Support for the commodity lies in the zone of around 124 to 124.50 from where the commodity broke out of declining trend-line resistance. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 123.50 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a top in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 127 – 128 on upside.

Aluminium Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 22, 2017 – May 26, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.35) closed the week on positive note gaining around 3.40%.

As we have mentioned last week that support for the commodity lies in the zone of around 120 to 120.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci level and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 121.20 and close the week around the levels of 125.35.

Support for the commodity lies in the zone of around 124 to 124.50 from where the commodity broke out of declining trend-line resistance. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 12.50 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a top in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 127 – 128 on upside.

Aluminium Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 15, 2017 – May 19, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.20) closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 120.50 where Fibonacci level is lying. During the week the commodity manages to hit a low of 120.35 and close the week around the levels of 121.20.

Support for the commodity lies in the zone of around 120 to 120.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci level and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123 to 123.50 where Fibonacci level and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 119 – 120 on downside and 123 – 124 on upside.

Aluminium Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 08, 2017 – May 12, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (122.05) closed the week on negative note losing around 1.50%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 121.75 and close the week around the levels of 122.05.

Support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 120.50 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 123 to 123.50 where Fibonacci level and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 125 where Fibonacci level and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 124 – 125 on upside.

Aluminium Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 01, 2017 – May 05, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.90) closed the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 127 to 128 where the commodity has formed a short term top. During the week the commodity manages to hit a high of 126 and close the week around the levels of 123.90.

Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 127 to 128 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 126 – 127 on upside.

Aluminium Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 24, 2017 – April 28, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.60) closed the week on positive note gaining around 1.20%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 121.80 and close the week around the levels of 124.60.

Minor support for the commodity lies in the zone of 123.80 to 124.20. Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 127 to 128 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 127 – 128 on upside.

Aluminium Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 17, 2017 – April 21, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.10) closed the week on negative note losing around 2.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 122.25 and close the week around the levels of 123.10

Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 124 to 124.50 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of around 125 to 125.50 where Fibonacci level and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 125 – 126 on upside.

Aluminium Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 10, 2017 – April 14, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.75) closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 123.90 and close the week around the levels of 125.75.

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 126.50 to 127. Resistance for the commodity lies in the zone of 128. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 03, 2017 – April 07, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (126.20) closed the week on absolutely flat note.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 124 and close the week around the levels of 126.20.

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Aluminium for the week (March 27, 2017 – March 31, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (126.15) closed the week on a positive note gaining around 1.00%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to levels of 120 – 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 124 and close the week around the levels of 126.15

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Aluminium for the week (March 20, 2017 – March 24, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.90) closed the week on a positive note gaining around 0.25%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 121.60 and close the week around the levels of 124.90.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 125 to 125.50. Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 127 – 128 on upside.

Aluminium Outlook for the Week (March 13, 2017 – March 17, 2017)

EquityPandit’s Outlook for Aluminium for the week (March 13, 2017 – March 17, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.60) closed the week on a negative note losing around 1.20%.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 123.25 and close the week around the levels of 124.60.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 125 to 125.50. Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Aluminium for the week (March 06, 2017 – March 10, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (126.15) closed the week with a positive note gaining around 0.20%.

As we have mentioned last week that minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying. During the week the commodity manages to hit a low of 125.30 and close the week around the levels of 126.15.

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 27, 2017 – March 03, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.90) closed the week with a positive note gaining around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying. During the week the commodity manages to hit a low of 123.55 and close the week around the levels of 125.90.

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 20, 2017 – February 24, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.65) closed the week with a positive note gaining around 0.65%.

As we have mentioned last week that resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017. During the week the commodity manages to hit a high of 127.45 and close the week around the levels of 125.65

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 128 – 129 on upside.

Aluminium Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 13, 2017 – February 17, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.85) closed the week with a positive note gaining around 1.70%.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 128 – 129 on upside.