Aluminium Price Forecast Based on Futures Technical Indicators (Apr 3-7, 2023)

SHANGHAI, Apr 3 (SMM) – The futures technical indicators suggest that the most-traded SHFE aluminium contract may fall this week. Based on 4-hour K-line, SMM observed a total of 43 technical indicators, of which 25 were neutral, 4 were bullish, and 14 were bearish. Most of the oscillating indicators pointed to rangebound price movement, while the momentum indicators and trend indicators were generally bearish. Bearish signals outnumbered bullish ones.