Archive · 6 Oct 2026
Aluminium Futures: Analysts Advise Selling Rally Amid Bearish Trend
Aluminium futures are contracts that let traders buy or sell aluminium at a set price later.
The October contract recently fell, then bounced back a little.
The article says it may struggle to rise past ₹343 and ₹345.
It would need to move above ₹345 to show a stronger recovery.
If it turns down again, it could fall to ₹335 and possibly ₹327.
Because the chart looks weak, the article says traders could consider selling.
It suggests entering a short trade at ₹342, with a stop-loss and a profit target.
These are trading suggestions, not guaranteed outcomes.
October aluminium futures traded at ₹341 per kilogram after rebounding from a Monday low of ₹333.2.
The contract began declining after meeting resistance at ₹355 about two weeks earlier.
Resistance is identified near ₹343 and ₹345; a sustained rally would require a break above ₹345.
If the decline resumes, futures could retest ₹335, with a break potentially leading to ₹327.
The suggested trade is to short at ₹342, set a ₹347 stop-loss, adjust it to ₹340 at ₹335, and target ₹330.
- Who
- Traders considering positions in October aluminium futures.
- What
- The article describes a bearish outlook and suggests shorting the October contract.
- When
- Published October 6, 2026; the contract had rebounded over the preceding two sessions.
- Where
- Aluminium futures market; no specific exchange is identified.
- Why
- The chart setup is described as bearish, with resistance near ₹343 and ₹345 and downside levels at ₹335 and ₹327.
Bearish outlook
Potential recovery
Direction of the contract
Bearish outlook
The article says the prevailing chart setup is bearish and the likelihood of a fall is high, supporting consideration of short positions.
Potential recovery
The contract rebounded over the last two sessions; a breakout above ₹345 is described as necessary to establish a sustainable rally.
Key price levels
Bearish outlook
A renewed decline could test ₹335, and a break below that level could lead to ₹327.
Potential recovery
Resistance near ₹343 and ₹345 may cap gains, but clearing ₹345 could open the way toward the next resistance at ₹355.
- Contract
- October aluminium futures
- Price at publication
- ₹341/kg
- Recent low
- ₹333.2 on Monday
- Resistance levels
- Around ₹343 and ₹345; further resistance at ₹355
- Downside levels
- ₹335, followed by ₹327 if ₹335 is breached
- Suggested trade
- Short at ₹342; initial stop-loss ₹347; adjust stop-loss to ₹340 at ₹335; book profits at ₹330
- Publication date
- October 6, 2026