Aluminum: Ready For Volatile Sessions Ahead
Satendra Singh | Oct 14, 2017 01:24PM ET
Aluminum Futures price seems ready for highly indecisive moves before moving ahead. No doubt, Aluminum futures price seems to be inclined to take a sudden and quick move on either side, but Bulls seem too eager to take the ride first, while the Bears seem too eager to sell any upward rally from the current levels.
Any sudden bullish move above the levels of $2,594 may result creation of a quick spurt in short-covering rallies while on the other hand, any sudden downward move below the levels of $2,484 may see a buying spree, but a continuous sustenance above or below these levels may be too decisive for a final moving direction during the upcoming weeks.
On analysis of the movement of Aluminum futures price in different time zones, I conclude some expected propositional trading zones for the Week of October 15th, 2017.
Have A Nice Trading Time.
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