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Aluminium LME daily forecast – 12 April 2013
Edited by : AL CIRCLE
1 min read
Aluminium broke support at 1894/93 as feared to test & hold the next level of 1887/86. Failure here today however keeps the pressure on for 1877/76. We could start to look over sold in the short term here & with the daily chart showing more positive signals this could be a good buying opportunity but we may need stops below 1872 in case of a test of 1868/63 lows.
Resistance at 1902/03 has held the bounce & it looks unlikely to be broken today but a push through 1906 would target 1911/13. We can try shorts here with a stop above 1917 for 1926/29.
Resistance at 1902/03 has held the bounce & it looks unlikely to be broken today but a push through 1906 would target 1911/13. We can try shorts here with a stop above 1917 for 1926/29.
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