Future Trend Analysis Report
Prepared for you on Saturday, May 27, 2023.
ALUMINUM Aug 2023 (NYMEX:ALI.Q23)
Bear Market Rally (-75) - ALI.Q23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ALI.Q23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ALI.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALI.Q23
The long-term trend has been DOWN since Feb 24th, 2023 at 2401.25
The intermediate-term trend has been DOWN since Apr 27th, 2023 at 2326.00
The short-term trend has been UP since May 26th, 2023 at 2246.00
Smart Scan Analysis for ALI.Q23
Based on our trend formula, ALI.Q23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).