Markets
LME aluminium to fall to Monday low of $2,333/T
SINGAPORE : LME aluminium will fall to the Monday low of $2,333 per tonne, as a downward wave "A" is advancing.
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SINGAPORE: 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.
No information in this analysis should be considered as being business, financial or legal advice. 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.
Copyright Reuters, 2011
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