Wednesday, October 31, 2012

Aluminium‏ (LME) intraday: the downside prevails.


Pivot: 1925.0
Our preference: SHORT positions below 1925 with 1887 & 1864 as next targets.
Alternative scenario: The upside penetration of 1925 will call for a rebound towards 1955 & 1975.
Comment: the RSI is mixed and calls for caution.


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