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NewsSignals AI analysis·Reuters·

LME aluminium may test resistance at $3,061 this week

Grade Bbullish AI signal
LME aluminium may test resistance at $3,061 per metric ton this week, with a breakout potentially opening the way toward $3,100–$3,149. Technical analysis points to further upside after aluminium moved from the lower channel into the middle channel, while support sits at $2,991. A break above $3,061 could strengthen bullish momentum, but a drop below $2,991 may expose the $2,894–$2,935 range.

Bullish strength: 60/100

  • The technical channel indicates potential for further gains toward $3,100.
  • A break above $3,061 could open the way toward $3,100–$3,149.

Bearish strength: 40/100

  • Resistance at $3,061 could cap gains if aluminium fails to break above it.
  • A break below $2,991 support could trigger a decline toward $2,894–$2,935.

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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