12 APRIL 2013Fxempire.com
Aluminium LME daily forecast – 11 April 2013
Edited by : AL CIRCLE
1 min read
Aluminium failed below our target of 1929 & pulled back below 1914/13 risking a test of good support at 1894/93. A bounce from here should struggle at 1913/14 but a push through 1917 could allow another test of 1926/29 resistance. Above here at 1935/36 we should run out of steam so may be worth exiting any longs but shorts may need a stop above 1940.
A break of support at 1894/93 however is possible with the market easing back from short term over bought oscillators & we could then see 1887/86. Failure here keeps the pressure on for 1877/76.
A break of support at 1894/93 however is possible with the market easing back from short term over bought oscillators & we could then see 1887/86. Failure here keeps the pressure on for 1877/76.
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