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LME aluminum to fall to USD 2186 per tonne

Wednesday, Feb 08, 2012
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 LME aluminum will drop more to USD 2,186 per tonne as the retracement from the January 31 high of USD 2,310 has not completed.

 
 
The fall has adopted a three wave mode with the current wave c expected to at least travel to USD 2,186, the 61.8% Fibonacci projection level.
 
 
A break below USD 2,186 will open the way towards USD 2,141, the 100% level. Resistance is at USD 2,259.75, a rise above which will neutralize the signals.

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