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Future Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
ALUMINUM May 2023 (NYMEX:ALI.K23)
Long-Term Downtrend (-90) - ALI.K23 is in a strong downtrend that is likely to continue. While ALI.K23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ALI.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALI.K23
The long-term trend has been DOWN since Feb 16th, 2023 at 2385.00
The intermediate-term trend has been DOWN since May 15th, 2023 at 2314.75
The short-term trend has been DOWN since Apr 24th, 2023 at 2380.00
Smart Scan Analysis for ALI.K23
Based on our trend formula, ALI.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2231.50 | 2231.50 | 2231.50 | 2245.00 | +0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2231.50 | 16 | 2023-05-25 08:52:09 |
| Expiration | 2023-05-26 | Open Time | 18:00 |
| Close Time | 17:00 |