15 SEPTEMBER 2011Business Recorder
LME aluminium to fall to Monday low of $2,333/T
Edited by : AL CIRCLE
1 min read
LME aluminium will fall to the Monday low of $2,333 per tonne, as a downward wave "A" is advancing.
This wave is part of a double zig-zag pattern which has been developing from the Sept 1 high of $2,476, and will be completed after the development of six waves labeled "A-B-C-X-A-B-C".
A rebound from the current level will be limited to $2,390.
This wave is part of a double zig-zag pattern which has been developing from the Sept 1 high of $2,476, and will be completed after the development of six waves labeled "A-B-C-X-A-B-C".
A rebound from the current level will be limited to $2,390.
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