Aluminum ALUM technical analysis

ALUM trades at $3473.25, down 0.64% in 24h, with daily momentum still constructive: RSI14 sits at 63 and price holds above the daily SMA20 of $3,402.14 and SMA200 of $3,325.15, confirming the uptrend. The 4-hour structure shows choppy action within a broad support band.

Price is fighting inside a 4h support zone of 3,295-3,464 (26 touches), with the rising trendline at ~3,429.11 (3 touches) below. Immediate overhead is 4h resistance at 3,486-3,513.75 (5 touches), followed by 3,543.04-3,553.46 (1 touch). On the daily, nearby resistance sits at 3,498.54-3,508.96 (1 touch), while deeper supports are 3,450.5-3,482.5 (5 touches) and 3,405.25-3,427.25 (3 touches).

For bulls, a decisive close above 3,498.25 (falling resistance trendline, 2 touches) is required to target 3,498.54-3,508.96 and higher. Bears need to break the 4h support at 3,464 and push under 3,429.11, opening the path toward 3,405.25-3,427.25.