Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Tuesday, 6 March 2018

Aluminium and Metals: 6 March 2018, Tuesday, 12.25am Singapore Time

Aluminium 1 Year Chart: 
6 March 2018, Tuesday, 12.25am Singapore Time
(Click on Technical Chart above to Expand)

The 1 year chart shows a flag pole, bull flag and a projected flag pole target which will break up the channel to form another extended even more bullish channel in the coming years.

Aluminium 5 Year Chart: 
6 March 2018, Tuesday, 12.25am Singapore Time
(Click on Technical Chart above to Expand)

The 5 year chart shows a transition in prices towards an upmove parabola that had just begun only. 

Aluminium 10 Year Chart: 
6 March 2018, Tuesday, 12.25am Singapore Time
(Click on Technical Chart above to Expand)

The 10 year cycle has just broken up of large scale bullish wedge in 2017. It has broken up of the even longer term black line downtrend resistance that started since 2008 and had ended in 2017.

Aluminium 20 Year Chart (Big Super Cycle): 
6 March 2018, Tuesday, 12.25am Singapore Time
(Click on Technical Chart above to Expand)

The momentum in the 20 year cycle in aluminium will be in sync with the crude oil super rally towards $175-$180 region, part of supercycle moves worldwide.
(Previous Crude Oil Technicals as attached: http://donovan-ang.blogspot.sg/2018/01/crude-oil-target-us175-to-us180-per.html)

Final point:
Most metals, crude oil, energy, raw materials and commodities are behaving in similar manner as aluminium.


No comments:

Post a comment