Aluminium Nov Daily Chart Has Formed "Falling Channel" Pattern

Aluminium Nov daily chart has formed "Falling channel" 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 bearish momentum based on the current price action, once the same breaks below a key support holding at 130. The downside rally could be testing all the way through 128-126 levels in the upcoming sessions.

Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 134 level. Key resistance holds at 134.

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