Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
ALUMINUM Jan 2024 (NYMEX:ALI.F24)
Strong Downtrend (-100) - ALI.F24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ALI.F24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ALI.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALI.F24
The long-term trend has been DOWN since Dec 1st, 2023 at 2173.50
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 2185.75
The short-term trend has been DOWN since Nov 22nd, 2023 at 2201.00
Smart Scan Analysis for ALI.F24
Based on our trend formula, ALI.F24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).