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LME aluminium may test resistance at $1,811
- The resistance is identified as the 138.2pc projection level of an upward wave C from $1,562.
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SINGAPORE: LME aluminium may test a resistance at $1,811 per tonne this week, a break above which could lead to a gain to $1,853.
The resistance is identified as the 138.2pc projection level of an upward wave C from $1,562.
The metal may overcome this barrier in its current attempt after several failures.
Support is at $1,784, a break below which could cause a fall into the range of $1,755-$1,768.