MARKET TALK: Dominant LME Aluminum Long Weighs Up Options

A dominant long position holder in LME aluminum is facing the choice of rolling its positions forward, or reducing and/or closing them, says HARBOR Intelligence analyst Jorge Vazquez Serna. The market is "leaning toward the second possibility," notes Serna, which is a theoretically bearish move for the market and would provoke a price fall. But if the fund rolls, "the bull's agony will be prolonged once more," he adds. LME aluminum is last at $2,804/ton, steady overnight.