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Thursday, February 22, 2024

LME aluminium may test resistance at $3,705 this week

SINGAPORE: LME aluminium may test a resistance at $3,705 per tonne this week, a break above which could lead to a gain to $3,845.

The metal has broken a lower resistance at $3,476. The next resistance will be at $3,705. The current rise is regarded as the second wave of a correction from $4,073.50. It may end somewhere below this high.

A break below $3,476 may cause a fall to $3,292.

Aluminium gains on renewed Russia worries, nickel dives again

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

LME aluminium may test resistance at ,705 this week

Source: Brecorder

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