US sanctions on Rusal send Aluminium prices higher. Can Aluminium complete the trend reversal and head into an new uptrend ? Needs to break 3.802 to really confirm a new trend
DOWNTREND FROM 2015 ALMOST COMPLETELY RETRACED PRICE HAS MORE THAN DOUBLED IN 3 MONTHS SECTOR ROTATION PROBABLY UNDERWAY, GOLD AND OIL ALSO UP GEOPOLITICAL UNREST IS AFFECTING PRICE: The inclusion of Russia’s aluminum giant RUSAL on the US sanctions list may significantly alter the metals market, threatening to break global supply chains and spark a deficit...
Arconic Inc. (ARNC) engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The company is set to benefit from the strong global economy which will increase demand for its...
Next stop is its 200 EMA after a break out from 3.22
I liked the consolidation I saw so I purchased as $16.68. Keeping a close eye on this one. May just be a trade for me.
A breakout on the daily chart for Aluminium. China is reducing capacity and is trying to prevent speculators from taking the price "too high".
Alcoa successfully breached its downward trendline (blue) and made it past key resistance at 8.51, in line with my expectations for this stock to perform bullishly based on technicals at the time. The picture has changed somewhat. First, note the slightly decreasing volume during its 2016 breakout signalling that its momentum is decreasing, albeit not...