LME aluminium to revisit $2,077.75/T

SINGAPORE: LME Aluminum will revisit the previous trading session's low of $2,077.75 per tonne, as a downtrend that started at the Oct. 12 high of $2,270 is steady.

The sharp rebound from $2,077.75 has not violated the trend, and is considered a pullback towards $2,130, the low of a range of $2,130-$2,270.

A bearish target at $1,991 has been established, based on the range. Strategically, the target will become available once the metal falls to $$2,100.

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