Friday, February 26, 2010

Aluminium To Average US$2,100/tonne In 2010 (Emerging Markets Monitor)

The short-term outlook for three-month aluminium has deteriorated in recent trading. Although aluminium prices bounced sharply after the sell off in early February, aluminium once again looks weak. The contract failed to break above resistance (formerly support) around the US$2,180/tonne area and has weakened to a level of US$2,102/tonne. Momentum indicators are also suggestive of [...] http://bit.ly/cB9mW8

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