Technical Forecast for Aluminium

Aluminium tested resistance at 1845/50 & could push above 1860 today & reach for 1880/85. This could hold the bounce so a high for the day is possible but shorts need stops above 1895.

 

Failure to beat 1845/50 risks a slide towards Wednesday’s low at 1821 & possibly May lows at 1809 but we would look for a bounce from here.