Future Trend Analysis Report
Prepared for you on Tuesday, September 27, 2022.
ALUMINUM Oct 2022 (NYMEX:ALI.V22)
Long-Term Downtrend (-90) - ALI.V22 is in a strong downtrend that is likely to continue. While ALI.V22 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.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALI.V22
The long-term trend has been DOWN since Jun 8th, 2022 at 3055.75
The intermediate-term trend has been DOWN since Aug 31st, 2022 at 2388.00
The short-term trend has been DOWN since Sep 23rd, 2022 at 2231.75
Smart Scan Analysis for ALI.V22
Based on our trend formula, ALI.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).