$S32 Very nice breakout (aluminium / coal / nickel / zinc)S32 commodities
Alumina
Aluminium
Bauxite
Metallurgical Coal
Lead
Nickel
Manganese
Silver
Zinc
Aluminium
Metals Continue to Outperform MarketsThe energy crisis continues to provide a strong support, not only for crude prices, but also for industrial metals. Last week aluminium added 9.2% and copper prices gained 9.17%. The absolute leader was zinc that jumped 20.49% in price.
The price of aluminium, which is one of the most energy-intensive commodities, is at a record high. On Monday morning its price peaked at $3288.75 per metric ton, that is 17.56% above 2008 record highs. I suggest the upside movement will continue and we may soon have prices close to $3500 per ton.Copper has exceeded $10,300 per ton while spot contracts are traded with highest premium over futures.
Copper stocks on the London Metal Exchange fell to the lows of 1974 this October. Goldman Sachs analysts suggest that copper stocks may run short by the second quarter of 2022.
Copper prices this May rose above $10,746 per ton. The excitement in the commodities market may push prices towards new records. The technical picture highlights the possibility of copper prices soaring to $11,800-12,000 if it passes the May high.
The price chart of Zinc, the third most popular non-ferrous metal in the world, points to another spin of the rally as its prices rose to $3830 per ton. Belgium Nyrstar N.V., a leading manufacturer of zinc, has reduced its zinc output by up to half at its plants in Budel, the Netherlands, Balen in Belgium and Auby in France since October 13 due to a significant rise in electricity prices.
Some Chinese steelworks forcedly cut production of zinc due to a shortage of electric energy that was caused by record coal prices. No wonder zinc prices will rose to $4300-4500 per ton. Although the international Lead and Zinc Study Group (ILZSG) said that zinc will see a surplus of 217,000 tonnes in 2022.
The energy crisis did not only impact Europe, but China reversed its activity in production and joined green economy acolytes. The Chinese industrial sector is still suffering from energy shortage caused by a lack of coal and environmental requirements to steelworks. All this mean that we could hardly expect any change to the existing upward trend in the near future.
Profit From Aluminium Price Surge. Low EV/EBITDA combined with high demand for light metals (lightweight electric cars, bicycles, scooters etc.), raging inflation, and an all-time low gives this stock a good chance.
I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock.
But if you are into the metals industry, allocating 2-5% of your portfolio seems like a safe move for this one.
just an ideafind it interesting, this is the sum of all commodities divided by the money supply.
probably doesn't mean anything, anyway interesting.
Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets.
give me your perspective and ideas
Industrial metals are set to witness an upcoming rally
Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research.
CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March 12.
Momentum and strength indicators are supporting that the stock would move upward to hit $14.65 and $16.25 levels consequitvely on the short term.
Century Aluminum shares CENX rose 7.62% in yesterday's trading in a strong session for metals.
P.A. RESOURCES P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. Aluminium is one of the huge demand products in future for the E.V. car.
From the chart we have found that price are making higher low and sit on SBR at 0.490 - 0.515 zone area. If break 0.560 can going further to north and again will make it all time high price above 0.600.
An Idea in Havells is to have a short term bearish gain.The price seems to move in a range bound fashion for few days and a strong reaction on a parallel channel is a possibility where this shared idea realizes
ABC Correction started for the EWT on AluminiumMCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5.
Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B .
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
MCX Aluminium Intraday Tips For TodayAccording to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance , and the bottom of this rectangle is the support . The trend is making frequent parallel channels between the support and resistance of this rectangle.
At present, aluminium is playing into support trendline (B) . There is a crucial support. Fakeout, volume spike, tail, massive buying pressure, and S-RSI crossover is made in that area.
So, break out of the crucial support means downfall for the levels of 143.6 - 142.6 .
...but aluminium will try to climb because of 50 & 10 MA crossover. Therefore we may see prices at 146.6 - 147.4 - 148+ soon.
HWM MA MACD Histogram just turned positiveThis is a Bullish indicator signaling HWM's price could rise from here. Traders may explore going long the stock or buying call options. I identified 47 similar cases where HWM's MACD histogram became positive, and 40 of them led to successful outcomes. Odds of Success: 85%.
AA ascending triangle + moving average crossingAA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the resistance since many months. However, be careful about keeping your position or selling it before the earnings report of January 15th.
RusAL not Rus anymoreSomeone already made good profit on inside information. But there should be more. Will test support at ~28.35 once again and grow up. In couple of years I would start fixing profits around 58 and 65.
Green light to go long on copper?Copper has had a rough time over the past five or so years and is still at a pretty low price when compared to other base metals.
Lead, zinc, tin and aluminium have more or less been rallying since mid-2015, so just copper and nickel that have fallen behind.
Time for a quick burst of action upwards here- I have gone long with a small stake and fairly tight stop. First target shown at which point I will re-assess the trade.
