Technical Forecast for Aluminium

Aluminium last week pierced the 3 year trend line at 1827 but bounced quickly from 1818 & we expected this to mark the low for the 2 month sell off. We have seen some weakness at the start of this week as expected to 1873 & below here today good support at 1860. However we cannot rule out a break lower to 1850/41 & possibly even a test of the 1818 lows. This should offer a very good buying opportunity once again.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Crypto Whales Are Loading Up — Are You?

The daily picture is becoming more positive so eventually we should see a push higher, if not today then perhaps tomorrow. We should struggle at 1902 resistance but a could retest 1926/28 above. A break higher looks unlikely today but if seen could take us to 1953/58. Watch for a high for the day & if trying shorts use a stop above the gap at 1962 & look for 1996 next target.