June 2009 | Base Metals
Prices rebounded again: Market Summary
Base metals prices rebound again this week but the likelihood of a corrections increases
Aluminium: Prices recovered well last week, but then lacked follow through buying. We feel the market is near its upper limit and are looking for prices to fall in the short term.
Aluminium alloy: Prices traded higher, but we maintain that they look vulnerable and over-extended up here. We would take the next signal to go short, which we expect to see this week.
Copper: The short-term chart...
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