Whilst the main market closed moderately lower, there was significant weakness in Alcoa (AA), -5.0% @ $9.01. With fellow Aluminium smelter Century Aluminium (CENX) collapsing -37.0% @ $5.18, the outlook remains very bearish.
AA, daily
CENX, daily
Summary
Suffice to add... both AA and CENX look set for broad weakness across the next few months.
--