Aluminium

9th September 2013 and Ahead: Aluminium View

Alumini MX
After seeing a 25% healthy upmove in the past 4 months, Alumini seems to have created a top which should hold for coming 2-3 months. Below 115, a bearish momentum might occur and drag it down to 111.75 and 110. On the upside, breaking above 117.6, it can see 118.7/119.7 and 121.

H&S Pattern?
Another interesting trend is that on the daily chart, Alumini has broken the neckline of a rising Head and Shoulder pattern which means that some significant downside exists till 108.5
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