Wednesday, September 18, 2013

Aluminium‏ (LME) intraday: the downside prevails.

Pivot: 1793.0

Our preference: SHORT positions below 1793 with 1776 & 1768 as next targets.

Alternative scenario: The upside penetration of 1793 will call for a rebound towards 1801 & 1813.

Comment: as long as 1793 is resistance, look for choppy price action with a bearish bias.
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