Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

March 2017 | Base Metals


Technical analysis: Consolidation still dominating short-term picture


A common theme in our technical analysis across the base metals is that although underlying longer-term uptrends remain intact, the short-term trends have flattened out as consolidation continues.

Aluminium The underlying bullish technical patterns on the aluminium chart remain firmly in force with higher targets fully anticipated in the weeks and months ahead. However, shorter-term trends have flattened out with yet further corrective and reconsolidative action currently being experienced. Expect immediate rally attempts to again meet strong resistance on approach to the important $1,960/80 area, with a clear and sustained break above here required to fully regenerate upward momentum and set up moves closer to next objectives in $2,020/30 then $2,100/10 regions. Any fresh pull-backs should again be cushioned by support waiting at $1,845/55. Lead ...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?