17 AUGUST 2011brecorder
LME aluminium may bottom around $2,363/T
Edited by : AL CIRCLE
1 min read
LME aluminium's fall may have ended and the contract may bottom out around $2,363 per tonne.
The short-term downtrend that started at the July 27 high of $2,675.25 has developed five waves, with the final wave "5" likely to complete around $2,363.25, a low touched on Aug. 9.
The short-term downtrend that started at the July 27 high of $2,675.25 has developed five waves, with the final wave "5" likely to complete around $2,363.25, a low touched on Aug. 9.
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