LME aluminum rise USD 2550 per tonne over the 4 weeks

Reuters reported that LME aluminum should rise to a range between USD 2,550 and USD 2,600 over the next 4 weeks based on its wave pattern.

A rise from an August 25 low at USD 1,982.25 adopted 5 wave mode with the current wave 4 correction approaching an end as a Fibonacci retracement analysis on the rise from USD 2,094 to USD 2,459 indicates a strong support zone between USD 2,277 and USD 2,320, the 50% and 38.2% levels.

（Sourced from Reuters）