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Aluminum price continues to fall in trade

The aluminum price, which has fallen from a two-year high of 2,792 to a mid-June low of 2,470, continues to trade in relatively low volatility above that low, while being supported by the uptrend line from February to June at 2,493.

A rally above the June 21 and June 28 highs of 2,537 to 2,542 is needed for the 55-day simple moving average (SMA) at 2,582 to get back on the map.

Failure to 2,470 would involve the December high of 2,399.