Technical forecast for Aluminium

alu3

Aluminium did push through 1910 & then 1926/28 as we look for the 1953/58 target today. Watch for a high for the day & should be worth trying shorts but use a stop above the gap at 1962 & look for 1996 as the next target.

Support at 1928/25 could hold any weakness but if we fail to bounce from here look for a buying opportunity at 1907/02. Use stops below 1895.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More