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Aluminum (ALIUSD)

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ALUMINUM trade ideas

Aluminium Market Money Heist Plan on Bullish Side.This is our master plan to Heist Aluminium Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:ALUMINIUMLong
by Thief_Trader
Aluminium XAL/USD Bullish Robbery Plan To steal the moneyMy Dear Robbers / Traders, This is our master plan to Heist XAL/USD Aluminium based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
PEPPERSTONE:ALUMINIUMLong
by Thief_Trader
Bearish Signals on AluminiumAluminium versus the USD (ticker: XAL/USD) has traded southbound since reaching a high of $2,800, limited between a descending channel (extended from $2,800 and $2,475). Adding to the bearish vibe, price action manoeuvred below trendline support, taken from the low of $2,110, and retested the underside of the ascending line to form resistance. What also might interest technical analysts is the head and shoulders top pattern (head at $2,800), which was completed in mid-July (neckline breached). Price has yet to reach the pattern’s profit objective at $2,131, therefore, further underperformance could be seen for the base metal this month. In addition to this, you may acknowledge the potential for a bearish pennant pattern to form (drawn from the high of $2,321 and $2,206).
FPMARKETS:XALUSDShort
by FPMarkets
Aluminum futures rose to above $2,580 per tonneAluminum futures rose to above $2,580 per tonne, not far from the near-two-year-high of $2,670 on April 22nd, tracking broad-based gains for main base metals while markets continued to assess the availability for key partitioned markets. On-warrant LME stocks in Malaysian Port Klang continued to soar ahead of the key delivery deadline of May 15th, extending concerns of uncertain supply for major Western clients as the surge in warrants in the key warehouse reflects trading giant’s decision to take advantage of new contract rules following the US and UK’s sanction on Russian aluminum, which limit Russian metal in Europe. Further, bottleneck’s in Russia’s rail system hampered its trade with China, limiting off-exchange supply from the world’s top consumer. Additionally, the Aluminum Corp of China underscored that the country’s bauxite security still remains uncertain due to its dependency on Guinea, which has been subject to disruptions following an explosion in a key fuel depository.
PEPPERSTONE:ALUMINIUMLong
by CircularTrading
Aluminium to start advancing soon.The metal was spotted in a corrective phase to a prior 5 wave rise it had displayed from Oct 2023-Nov 2023. The corrective structure still looks incomplete though.2200 is the support area for this commodity and also the area from which the next leg up towards 2350 is expected to begin. You can also witness the classis price-volume relation on this chart. Volume going up when price goes up and Volume declining with price falling which is a bullish sign as it shows the direction of market participation is up not down. Note*-This is not a buy/sell advice. Chart is based on personal observations/opinions.
CAPITALCOM:ALUMINUMLong
by neeraj_2_sharma
ALUMINIUM PRICES MIGHT BE PULLED UP DUE TO CHINA DEMANDChina's aluminum market in 2023 stands out for its resilience, with prices on the Shanghai Futures Exchange (SHFE) bucking global trends by climbing over 1%, while the London Metal Exchange (LME) saw an 8% slump. This divergence is largely credited to the strength of China's green sector and decarbonization efforts. An open arbitrage window, created by SHFE outperforming LME, has led to a substantial increase in aluminum imports into China, mainly from Russia due to sanctions imposed by Western buyers after Russia's invasion of Ukraine. Despite the surge in imports, domestic aluminum production in China has reached new highs, partly due to an improved hydropower supply in Yunnan province. However, potential disruptions during the upcoming dry season could impact production and increase imports. Low domestic aluminum inventories underscore robust domestic demand, with SHFE stocks at their lowest levels since March 2019. Beijing's decarbonization initiatives have driven aluminum demand, particularly in renewable energy-related manufacturing. Notably, the rapid growth of China's new energy vehicles (NEV) sector and the critical role of aluminum in battery electric vehicles highlight its significance in this industry. The solar sector, another major aluminum consumer, continues to expand, with China leading in solar photovoltaic (PV) capacity additions. This growth in green sectors is expected to counterbalance weaknesses in traditional sectors, sustaining demand for aluminum. China's aluminum market exemplifies a unique blend of domestic resilience, increasing imports, and a strong emphasis on green industries, all contributing to the sector's dynamics in 2023. On a technical note, MACD and RSI are still in the neutral and sell zone, but are rising up and buy signals are starting to form. If the trend continues, the price might reach levels of 2241, in the opposite scenario the price might revert to levels of 2178. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:ALUMINIUMLong
by legacyFXofficial
#Aluminium - Could reach $2500 and $2700Hi guys! 👋🏻 🔔 There's no clean energy without Aliminium, which is widely used in electric vehicle and solar panels production 🔔 One of the largest consumers of Aluminium - China is expected to increase the demand for the metal in its e-vehicle, clean energy and airplane production. 🔔 Other fundamentals which support higher demand for metals are: global ecnomies raise their expenses on military, renewing their military equipment. 🔔 Aluminium daily chart www.tradingview.com ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
PEPPERSTONE:ALUMINIUM
by azizelliott
1
Aluminium CURRENTLY SHORT Aluminium trend short Aluminium prices have fallen over 10% since late January, which originally saw prices spike above HKEX:2 ,600 per tonne as the ending of Covid-19 restrictions in China saw demand for the metal rise. Prior to this aluminium prices had dropped about 40% below record levels in late November 2022 due to weak demand outlook for the industrial metal. Should I invest in aluminium? Aluminium is a versatile, lightweight, corrosion-resistant and recyclable metal that has numerous use cases in construction, automobile, aerospace, packaging, electronics and many other industries. It is the third most abundant element in the Earth’s crust, after oxygen and silicon. According to Russian-based UC Rusal, one of the largest aluminium-producing companies in the world, construction and transportation make up over 50% of aluminium consumption by industry. The shift towards electric vehicles has further increased demand for the metal. Aluminium is used in structural body frames and battery packs to keep electric cars light and improve battery efficiency. Because the metal is easy to recycle, 75% of all aluminium ever produced being still in use, according to Norwegian aluminium company Norsk Hyrdo. Environment-friendly initiatives by companies like Apple (AAPL) have prompted the increased use of recycled aluminium, alongside recycled tungsten, rare earths and cobalt. Another factor is that producing aluminium from ore is an expensive, energy-intensive process. The cost of fuel, especially coal, which is still used extensively in major aluminium-producing countries such as China and India, influences the aluminium price forecast. Aluminium companies such as Indian-based Hindalco have acquired coal mines to support aluminium production. How is aluminium produced? Bauxite is the raw material used to produce the world’s second most-consumed metal. After bauxite is mined and ground, aluminium oxide (alumina) is extracted from the ore through refining. The metal is then extracted from alumina via electrolytic reduction, which is highly power-intensive. Molten aluminium is then cast into extrusion ingots, sheet ingots and foundry alloys depending on its use. Rise to record highs and recent fall Aluminium prices rebounded with strength in 2021 amid the reopening of economies following Covid-19 lockdowns. Developments in China, which accounted for half of global aluminium production in 2020, dominated the price action for the industrial metal throughout the year. By October 2021, aluminium had surged to 13-year highs as China’s policy to “aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060” brought greenhouse gas-emitting smelters to a grinding halt. The aluminium supply chain was further disrupted by recurring power shortages in China as coal plants shut down to meet state-set energy consumption targets. Aluminium prices eased after the October 2021 peak as weakened coal prices helped lower production costs. The falls were short-lived as prices surged in late December, eclipsing the highs hit in October. Data from Capital.com showed that aluminium spot prices surged to an all-time high of over HKEX:4 ,000 per tonne on the back of supply concerns following the Russia-Ukraine war. Commodity prices spiked as the West announced sanctions on Russian imports. Even though direct sanctions on aluminium were not introduced, several corporations and nations have refused to do business with Russia, cutting out supply from the world’s second largest primary aluminium producer. According to the International Aluminium Institute, Russia accounted for 6% of global aluminium output in 2021. In 2022, the focus shifted from supply to demand. A rise in Covid cases in China and the country’s subsequent nationwide lockdowns brought its industrial centres to a standstill. Meanwhile, aggressive interest rate hikes from the US Federal Reserve (Fed) pushed the US dollar index (DXY) to a near 20-year high, denting commodity demand due to higher foreign exchange costs. Aluminium prices dropped nearly 50% from record highs to hit a 19-month low of HKEX:2 ,076 per tonne by 28 September 2022. However, it saw a rebound from its September lows as prices rose over 14% in the next two months and ended the year at HKEX:2 ,405. The following the ending of China’s zero-Covid policy in December, Chinese output of aluminium hit record levels. In January 2023, aluminium prices rose steadily, reaching a seven-month high of HKEX:2 ,638 on 25 January. However, the price later corrected and by late March it has shed mosts of its gains, reaching HKEX:2 ,266.50 on 21 March. This came as the US decided impose 200% tariffs on Russian metal starting on 10 March, effectively imposing a ban on Russian aluminium imports. As of 24 April, the price of aluminium stood at HKEX:2 ,383.50. Analyst view: Aluminium price forecast for 2023 London-based commodity investment firm Sucden Financial said in its first-quarter metals report: “The rally we saw in Q4 2022 and the first weeks of 2023 has stalled, as China’s re-opening has not triggered a large increase in consumption and is a services play, as well as the Fed remaining hawkish on rates. The dollar has firmed, causing metals to weaken, highlighting the fragility of move higher. Spreads are in contango, Chinese prices are mostly in discount, and weaker premiums suggests a cautious market.” For aluminium, the commodity investment house said: “Aluminium benefitted by the year-end from the Chinese government announcing the removal of lockdown restrictions. The sentiment has continued into the start of this year, but a traditionally quiet Chinese New Year season has meant prices found support at HKEX:2 ,350/t levels. Growing domestic stockpiles in China and weaker overseas demand meant that consumers avoided committing to long-term contracts for now, with bulls waiting for another quarter before joining the trade.” With regards to aluminium price predictions for 2023, Shanghai Metals Market (SMM) seemingly predicted more volatility in the metals future, stating that the price showed “no signs of stabilising”. Meanwhile, Fitch Solutions has lowered its 2023 aluminium spot price forecast from HKEX:2 ,700 to HKEX:2 ,600 per tonne. The research firm said “supply constraints will anchor prices at their current levels” as aluminium production suffers in Europe due to high energy prices, in Russia due to sanction-related concerns and in China due to a government-implemented hard cap on smelting capacity. Looking forward: Aluminium price forecast for 2025 and 2030 Looking to the future, there are many tailwinds for aluminium demand due to the metal’s unique properties, which range from its light weight to recyclability. US president Joe Biden’s $1.2trn infrastructure bill, passed late last year, has allocated $550bn to fund bridges, roads and energy systems over the next five years. “We are excited to see significant investments in public transit, electric vehicles, and charging infrastructure included in the bill,” said Norsk Hydro’s VP of finance and strategy Michael Stier in an interview with Aluminium Insider. “All of these pieces of infrastructure will rely heavily on aluminium as a means to reduce vehicle weight, improve efficiency, and enable clever design solutions. We are particularly excited to see new developments within electric vehicle chassis design and battery systems in combination with the phase-change developments needed to normalise charging technology and infrastructure in North America.” According to Fitch Solution’s aluminium price forecast for 2025, the metal was expected to trade at HKEX:3 ,000 per tonne. Fitch’s aluminium price forecast for 2030 saw the metal trading at HKEX:3 ,300 per tonne. “Going forward, we expect aluminium prices to remain elevated in the coming years, as aluminium demand is supported by the accelerating shift to a green economy,” Fitch Solutions said in its long-term aluminium price forecast. The Westpac Market Outlook November 2022 report expected aluminium to trade at HKEX:2 ,200 per tonne in December 2022. The bank’s aluminum price forecast for 2023 saw the metal trading within a range of HKEX:2 ,150 per tonne and HKEX:2 ,500 per tonne during the year. It did not give any aluminium price forecast for 2025 and 2030. Finally, Sucden Financial said in its quarterly metals report that any doveish remarks from the Federal Reserve regarding the monetary tigthening cycle “will cause a sell-off in the dollar, giving rise to metals prices.” "If Chinese demand returns and the dollar weakens, this could present significant volatility and price rises, compounded inflationary pressures," added Sucden Financial. Note that analysts’ predictions can be wrong. Aluminium price forecasts shouldn’t be used as substitutes for your own research. Always conduct your own diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and goals. Keep in mind that past performance doesn’t guarantee future returns, and never invest or trade money you cannot afford to lose.
CAPITALCOM:ALUMINUMShort
by DaveBrascoFX
ALUMINIUM LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
CAPITALCOM:ALUMINUMLong
by alcaedad
Aluminium Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CAPITALCOM:ALUMINUM
by Sunstorminvest