Aluminum Prices Slip Despite Smelter Shutdowns Chipping Away At Supply ...Middle East

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Aluminum Prices Slip Despite Smelter Shutdowns Chipping Away At Supply
source : OILPRICE ( Middle East ) () 31
This week, aluminum prices approached long-term weekly demand zones. These are price levels that typically trigger a strong upswing. Before the most recent short-term declines, prices bounced off these levels, rising back into zones of strong downward movement (supply zones). Should prices continue to break downward, it could indicate a downtrend continuation. Moreover, the longer prices continue to trade within this range, the longer volatility and current uncertainty will persist. The Aluminum Monthly Metals Index (MMI) continued sideways, with…

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