BUSINESS RECORDER
LME aluminium to fall further to $2,161/T
Edited by : AL CIRCLE
1 min read
LME aluminum could fall further to $2,161 per tonne, as a short-term downtrend established from the Oct. 27 high of $2,295 is intact within a falling channel.
The lower channel line points to $2,161, the 61.8 percent Fibonacci retracement on the rise from $2,077.75 to $2,295.
A rise above a resistance at $2,233 will violate the bearish outlook.
The lower channel line points to $2,161, the 61.8 percent Fibonacci retracement on the rise from $2,077.75 to $2,295.
A rise above a resistance at $2,233 will violate the bearish outlook.
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