LME aluminium to rise to $2,205/T

SINGAPORE: LME aluminum will rise to $2,205 per tonne as it's riding on a powerful wave "c".

This wave is the second upward leg of a rebound that started from the Oct. 20 low of $2,077.75, and may eventually travel to $2,314, a 100 percent Fibonacci projection level, based on the length of the wave "a" and the trough of the wave "b" at $2,096.

A more realistic target could be $2,205, the 50 percent projection level.

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