Completing the Building Envelope
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According to foreign news on October 24th, a technical analyst said on Tuesday, the London Metal Exchange (LME) aluminum in the range of 2127-2154 U.S. dollars per ton neutral, if out of this range, the price trend will be clear.
The interval respectively from September 21st to October 2nd highs of $2199 low of $2082 decline in the 38.2% and 61.8% Fibonacci retracement form.
If you break through $2154, it could rise to $2171. Once it rises to $2171, it confirms a bullish wedge, and will soon return to the $2199 high. Prices seem to be more likely to go up.
If it falls below $2127, it may fall to $2110 .