Aluminum bouncing off supports

  • Aluminum has seen a strong bounce off converging supports around $1,978 – $1,998 with weekly momentum turning higher from the most stretched levels seen since the multi-year bear market lows were put in (2015)
  • Headline risk could continue to push Aluminum higher from here with initial resistance around the recent trend high of $2,290 and through there additional levels converge around $2,450