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LME aluminium may rise towards $2,236 this week

  • The analysis is published once a week on Monday.
Published March 15, 2021

SINGAPORE: LME aluminium may break a resistance at $2,201 per tonne this week, and rise towards $2,236.

The metal is making its third attempt to break the resistance. It is likely to succeed after two failures.

The uptrend is presumed to be steady, unless the contract breaks a support at $2,144, as the break could open the way towards $2,088-$2,123 range.

The analysis is published once a week on Monday.

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.

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