ALUMINIUM

Aluminium daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish as the prices have retested a resistance trend line inside the channel. The market is expected continue on bearish momentum once the same breaks below the support level holding at 141.40, testing all the way through 140-139 levels in the upcoming sessions. Alternatively, if support holds strong then the market might turn bullish once again. The upside rally could test 143-144 levels. Resistance holds at 145.

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