Shanghai aluminum narrow range fluctuation There is a willingness to rebound in the short term

Externally: Asian aluminum oscillation rose slightly, the operating range was 1510-1501 US dollars / ton, of which Shanghai aluminum closed at the close of the market Lun aluminum rose 0.
37% to 1510 US dollars / ton, has not effectively broken through the upper moving average suppression, indicating that its willingness to rise is weak, short-term operating range attention to 1490-1540 US dollars / ton
.

Macro: The Asian dollar index continued to fall under further pressure, now trading around 93.
8, a new low since August 24 last year, indicating that the short-term decline risk has increased, which has stimulated the oscillation of U.
S.
crude oil futures to continue to rise, now rising to around $40.
81 / barrel, driving the sentiment of the commodity market to climb
.
China's March trade data
will be released tomorrow.

In terms of market: on April 12, Shanghai aluminum trading concentrated 11780-11790 yuan / ton, and the flat water
of aluminum in the month.
Holders increase shipments, the market circulation is sufficient, the spot price is the same as yesterday's price, not with the period of aluminum rose slightly in the month, middlemen and downstream stable receipt, the market presents a stable supply and demand situation
.

Today's Shanghai aluminum 1606 contract oscillation rose slightly to 11785 yuan / ton, indicating that there is a short-term willingness to
rebound after the gradual release of technical pullback pressure last week.
At the same time, due to the short-term strong rebound of ferrous metals and chemical varieties, to a certain extent to improve the sentiment of the commodity market, it is necessary to pay attention to the change in investor sentiment in the later stage, Shanghai aluminum has upward potential, or known as the leading commodity
in non-ferrous metals.