Technical analysis: Regrouping

September 25, 2018 / www.metalbulletinresearch.com / Article Link

Aluminium 
LME aluminium prices continue to consolidate above the August 15 low at $2,007 per tonne. Momentum indicators reflect the neutral price action; the stochastics have converged in mid-ground and the RSI at 45 remains neutral overall. The 20, 40 and 55 DMAs have converged around $2,065 per tonne and are providing strong overhead resistance. The 20 DMA’s failure to break convincingly above the 40 & 55 DMAs indicate a lack of clear direction. For the moment, prices are holding above the double-bottom at $2,007 per tonne. Additional support is toward the April 5 low at $1,977 per tonne.

...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.

Subscribe

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok