NewsSignals AI analysis·Reuters·Nov 2, 2026

LME aluminium may retest resistance at $3,100 this week

Grade Bbullish AI signal$MAL3

LME aluminium may retest the $3,100-per-ton resistance level this week, with a breakout potentially signaling a reversal of its recent downtrend. A move above $3,100 could open the way toward $3,149-$3,179, while technical support sits at $3,021. A confirmed breakout could strengthen bullish momentum toward $3,179, but losing $3,021 may expose aluminium to further downside toward $2,939-$2,973.

Bullish strength: 65/100

Technical structure suggests a possible reversal of the downtrend from $3,365.
A breakout above $3,100 could open the way toward $3,149-$3,179.

Bearish strength: 35/100

Failure to hold $3,021 could trigger a decline toward $2,939-$2,973.
Aluminium remains below the $3,100 resistance level.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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