Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
ALUMINUM Nov 2023 (NYMEX:ALI.X23)
Crossroads (-60) - ALI.X23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ALI.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALI.X23
The long-term trend has been UP since Sep 29th, 2023 at 2334.50
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 2206.50
The short-term trend has been DOWN since Nov 14th, 2023 at 2250.75
Smart Scan Analysis for ALI.X23
Based on our trend formula, ALI.X23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).