LME aluminium could slide further into $2,845-$2,894 range this week

LME aluminium (MAL3=LX) could slide further into a range of $2,845 to $2,894 a metric ton this week, as suggested by a projection analysis and a falling channel.The metal has broken key support at $3,021, the 161.8% projection level of a downtrend from $3,563. The break increases the chance of a fu…