SMM

SHANGHAI, Apr 24 (SMM) -  The futures technical indicators suggest that the most-traded SHFE aluminium contract may move rangebound or go down. Based on the 4-hour K-line, SMM observed a total of 43 technical indicators, of which 27 were neutral, 1 was bullish, and 15 were bearish. Most of the oscillating indicators and momentum indicators pointed to rangebound price movement, while the trend indicators were generally bearish. Bearish signals outnumbered bullish ones.