Aluminium futures lost nearly 7 per cent last week and thus was down for the fourth straight week. But since the beginning of this week, it has been in a sideways trend.The July aluminium futures (currently at ₹332/kg), on the back of the resistance at ₹396, started to fall in early June. Over the past few weeks, it has breached key support levels at ₹365, ₹360 and ₹350.Last week, it marked a low of ₹327.10 before making a recovery. The chart shows that the price band of ₹327-330 is a support. Aluminium futures may not witness a bullish reversal in trend. Nevertheless, a corrective rally cannot be ruled out.An uptick from the current level can lift the contract to ₹345-350 region. A resumption in the downtrend might drag aluminium futures to ₹320, and subsequently to ₹315. On the other hand, if the contract breaks out of ₹350, the rally can extend to ₹360 and ₹370. Overall, as it stands, the bear trend is intact, but we might see a minor rise before the next downswing. Trade strategySell aluminium futures (Jul) if it rises to ₹345. Place stop-loss at ₹355 and book profits at ₹315.Instead, if aluminium futures breaches the support at ₹327, go short with stop-loss at ₹335 for a target of ₹315.Published on June 30, 2026