MCX Aluminum created base around the support
MCX Aluminum created a base around the support mark of the 202 which was the level of the previous swing low. The observation on the daily chart states that aluminum bounced upside and is currently trading near the recent swing high of 215.45. The overall chart structure suggests that the base metal will continue the upside move once the mentioned swing high is breached on a closing basis. The next level to watch out for will be 224.25 which is the previous swing high, whereas the mark of 202 will provide short-term support moving ahead.
