Aluminum (LME) is currently seen as the strongest industrial metal and is on the cusp of breaking to new YTD highs, as reported by the Credit Suisse analyst team. Move below $2132 to signal a return to a trading range “Aluminum completed a major base last year and is seen on the cusp of resolving its recent range to the upside with a break above the recent range high at $2301 needed to confirm. This should then lead to further upside potential toward $2375, the May 2018 high, before the even more important 78.6% retracement of the whole 2018/2020 downmove seen at $2448, which we would expect to cap at first. Beyond though in due course can expose $2718, the April 2018 high.” “Only below the 63-day average at currently $2132 would let thoughts of a trading range re-emerge, which is not our base case.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Markets cheer tame inflation, shrug off vaccine setbacks as cryptos soar, Powell awaited FX Street 2 years Aluminum (LME) is currently seen as the strongest industrial metal and is on the cusp of breaking to new YTD highs, as reported by the Credit Suisse analyst team. Move below $2132 to signal a return to a trading range "Aluminum completed a major base last year and is seen on the cusp of resolving its recent range to the upside with a break above the recent range high at $2301 needed to confirm. This should then lead to further upside potential toward $2375, the May 2018 high, before the even more important 78.6% retracement of the whole 2018/2020 downmove… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
