Markets

LME aluminium to fall to $2,186/T

Published Updated

The fall has adopted a three-wave mode, with the current wave "c" expected to at least travel to $2,186, the 61.8 percent Fibonacci projection level.

A break below $2,186 will open the way towards $2,141, the 100 percent level.

Resistance is at $2,259.75, a rise above which will neutralize the signals.

No information in this analysis should be considered as being business, financial or legal advice. 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

Copyright Reuters, 2012