The Shanghai Futures Exchange (SHFE) aluminum main 507 contract opened at 16,590 yuan, a wide range shock to close at 16,630 yuan, down 120 yuan; spot 505 contract closed at 16,810 yuan, down 90 yuan. Internationally, this week, LME March aluminum rose after the first decline, compared with last week, a significant decline in the aluminum price in the entire week under the suppression of the 10-day moving average repeated down, but the main technical indicators have been shown to oversell, therefore, from In the short-term perspective, the downside of aluminum prices has been limited. If the surrounding situation improves next week (May 16-20th), aluminum futures are expected to rebound, or at least stay at a low level. On the domestic front, the external weakness caused a drag on Shanghai Aluminum. Shanghai Aluminum advanced slightly, then fell sharply. The main contract, al507, broke through Friday and after passing through the 10-day moving average and broke through on Friday. After the triangular lower orbit support level rebounded once, but failed to return to the triangular range. If the resistance level can be exceeded in the early morning of next week, the aluminum price should fluctuate upward and the 200-day moving average will form a resistance to the market outlook; if the next week cannot be upward, Break through the price of 16670 yuan, the aluminum will repeat downwards, support 16460 yuan.
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