Aluminium Aug Daily Chart Has Formed "Falling wedge" Pattern

Aluminium Aug daily chart has formed "Falling wedge" pattern. The last few sessions ended up in sideways trend along with some corrections inside the channel.

The market is expected to continue on the bullish momentum based on the current price action, once the same breaks above a key resistance holding at 140.50.

The upside rally could be testing all the way through 142-144 level in the upcoming sessions. Alternatively, if key resistance holds strong then the market might retest the same and turn bearish.

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