Future Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
ALUMINUM Dec 2023 (NYMEX:ALI.Z23)
Bull Market Weakness (+75) - ALI.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ALI.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ALI.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALI.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALI.Z23
The long-term trend has been DOWN since Aug 15th, 2023 at 2156.5
The intermediate-term trend has been UP since Sep 1st, 2023 at 2239.5
The short-term trend has been UP since Sep 20th, 2023 at 2223.5
Smart Scan Analysis for ALI.Z23
Based on our trend formula, ALI.Z23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).