SHANGHAI, Mar 27 (SMM) – The futures technical indicators suggest that the most-traded SHFE aluminium contract will go up this week. Based on the 4-hour K-line, SMM observed a total of 43 technical indicators, of which 16 were neutral, 21 were bullish, and 6 were bearish. Most of the oscillating indicators, trend indicators, as well as momentum indicators, were bullish. Bullish signals outnumbered bearish ones. The bearish signals suggest that the market is now in an overbought territory, putting prices at risk of downward corrections.
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