Markets
LME aluminium may rise into $2,053-$2,068 range this week
- The metal is riding on a wave 3 from $1,793, which may extend to $2,068, its 186.4pc projection level, as pointed by a rising trendline.
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SINGAPORE: LME aluminium may break a resistance at $2,032 per tonne and rise into a range of $2,053-$2,068 this week, as suggested by its wave pattern and projection analysis.
The metal is riding on a wave 3 from $1,793, which may extend to $2,068, its 186.4pc projection level, as pointed by a rising trendline.
Support is at $1,997, a break below which may cause a fall into $1,941-$1,962 range.