SINGAPORE: LME aluminium may test a support at $2,236 a tonne this week, a break below which could open the way towards $2,150.
The metal has broken a higher support at $2,360.
The break confirms a continuation of the downtrend from the March 7 high of $4,073.50.
The next support is at $2,236.
Aluminium lurches to 16-month low on renewed demand fears
A rise from the current level will be regarded as a pullback towards $2,360, now a resistance.
A break above $2,360 may lead to a gain to $2,461.
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