Highlights

  • Aluminium traded at USD 3,055.30, down USD 25.00 (-0.81%) on the displayed daily candle.
  • The session opened at USD 3,070.60 and reached a high of USD 3,072.10.
  • The daily low stood at USD 3,052.30, close to the displayed latest price.
  • The chart placed its displayed SMA at USD 3,046.93, below the latest price.
  • The RSI read 46.51, while its companion plotted line stood at 39.62.
  • The Daily Chart showed prices retreating from their earlier midyear highs.

Aluminium remained under pressure on 3 November 2026, with the USD-denominated daily chart showing the metal at USD 3,055.30, down USD 25.00 (-0.81%). The latest reading followed an opening price of USD 3,070.60 and a session range stretching from USD 3,052.30 to USD 3,072.10. While the session registered a decline, the last displayed price remained slightly above the moving-average line shown on the chart, leaving the daily price move and broader technical positioning in different directions.

Source chart, November 3 2026

A Lower Session Against a Uneven Chart Backdrop

The day’s open and high were close together, and the latest price sat near the reported low. That combination describes the downward movement in the candle without establishing what caused it. The chart contains pricing and technical readings, but no information on aluminium production, inventories, shipments, trade policy or economic releases. It therefore does not provide evidence for attributing the decline to any particular supply, Demand or macroeconomic event.

Over the months displayed, the price initially advanced into an early-June CREST before declining sharply into July. A subsequent recovery lifted the series into August and September, though the rebound did not restore the earlier peak. The chart then traced another decline through October, followed by a modest recovery into the latest reading. These observations describe the plotted trajectory rather than a separate market forecast.

Recent Trading Shows a Modest Recovery After October Weakness

The recent cluster of daily candles is concentrated near the USD 3,055.30 reading after the October downswing. Several of those candles show smaller day-to-day movements than the larger declines earlier in October. The newest candle nevertheless carries a negative percentage change, indicating that the short-term recovery visible immediately before it did not continue uninterrupted into the latest session.

Technical Outlook: Aluminium

The chart recorded an opening price of USD 3,070.60, a high of USD 3,072.10, a low of USD 3,052.30 and a latest price of USD 3,055.30. Its displayed SMA stood at USD 3,046.93, putting the last price above that plotted average despite the negative daily change. The image does not state the SMA calculation period, so it cannot be identified as a 21-day SMA from this evidence alone.

The RSI reading was 46.51, below the neutral 50 reference point but above the chart’s lower shaded threshold. This indicates momentum on the weaker side of neutral in the displayed reading, without demonstrating an oversold condition. The companion plotted RSI line read 39.62; its calculation period was not specified in the image.

Key Levels to Watch

The supplied chart does not label formal immediate or secondary support and resistance levels. The session low of USD 3,052.30 and high of USD 3,072.10 provide the day’s observed trading boundaries, not independently confirmed technical support or resistance. The displayed SMA at USD 3,046.93 is another reference point for tracking how the price sits relative to the plotted average; it should not be treated as a validated support level.

Summary

Aluminium declined to USD 3,055.30 on the supplied 3 November 2026 daily chart, with the latest price close to the day’s low. The RSI of 46.51 showed softer-than-neutral momentum, while the price remained above the displayed SMA of USD 3,046.93. The chart supplied no verified fundamental catalyst or formal support and resistance levels, keeping the assessment centred on observable price action.