Markets

LME aluminium to fall to $2,228/T

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This cycle also makes up a bigger wave (5), the last wave of an uptrend that started from the Dec. 29, 2012 low of $1,980.50, making a further surge above $2,303 unlikely.

A rise above $2,315 may open the way to $2,370.

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