Bearish Mode & Outlook Remains for LME Prices
December 13, 2022
1. LME prices remain in bearish mode despite recent bounce. LME aluminum prices have climbed to our identified technical resistance zone of...
2. Aluminum prices are still in a downward trend targeting $... per mton. Technically, the next major target for the ongoing downtrend remains $...
3. LME prices have not bottomed out yet, new lows expected ahead. We continue to see the underlying cyclical correction in LME prices extending into...