Shanghai aluminum under pressure back to continue to pay attention to the half-year line support

Externally, the LME aluminum March contract fluctuated higher this morning, rising slightly to $1905 by midday, after which the price fell under pressure and closed at $1901, up $1, or 0.
05%.

In terms of the market, the mainstream trading hours of the spot market trading hours are general, today's spot aluminum price is close to 14,000 yuan / ton price, mobilizing the enthusiasm of holders, holders at a high level actively adjust the price to sell, middlemen bullish after the market to lower the price of a large number of goods, but the downstream is slightly wait-and-see, the overall market trading is general
.

In terms of news, the news of illegal production capacity again led to a rise, the night trading continued to be strong, bulls took advantage of the momentum to enter the market to increase positions upward, coupled with the strong atmosphere of black commodity bulls for Shanghai aluminum to continue to rise momentum, spot aluminum prices once again approached 14,000 yuan / ton
.
However, at present, the current situation of the fundamentals of the aluminum market has not improved much, and it is still difficult
for Shanghai aluminum to break through the upper range.

On the technical side, Shanghai aluminum main KDJ dead cross, MACD golden cross, the price returned to the 5-day moving average above the run, intraday rush high around the previous high of 14300 yuan under pressure to fall, continue to pay attention to the half-year line around 14100 yuan support strength, quotation or maintain above
13950 yuan / ton.