One Year Aluminum Price Chart, Technically Speaking.
After trading above 1.00 at the beginning of the year, the price of aluminum has bounced off the .90 level several times this year. However, in October, the price of aluminum dropped and broke through the solid support of .90 and has been trading below that number ever since. Currently trading around .87, until we bounce back over the .90 level, and hold above it, look for prices to remain below the .90 level. Supply and demand will dictate any action but in the short term, look for any political news related to trade to move the market one way or another.