LME Aluminum to Move in a Tight RangeAuthor：Site Source：Network Click to rate：1942 Post time：2017-03-21
SHANGHAI, Mar. 21 (SMM) – LME aluminum increased for four days in a row and outperformed SHFE 1705 aluminum. The contract will move between USD 1,910-1,930/mt, hurt by other weak metals. Resistance at the 20 and 40-day moving averages become stronger and SHFE 1705 aluminum will move at around the 5 and 10-day moving averages. SHFE 1705 aluminum will move at RMB 13,700-13,900/mt on Tuesday.
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