Research

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

Change font size:   

April 2017 | Base Metals


Technical analysis: Consolidation continues, uptrends will return


In general, choppy consolidation is continuing across the base metals, but we still believe that this process will conclude with resumptions of uptrends.

Aluminium While overall bullish technical patterns remain firmly in place on the aluminium chart with prices expected to trend generally higher in the weeks and months ahead, upward progress is still rather laboured with regular corrective and reconsolidative action being experienced. Expect immediate rally attempts to again meet strong resistance in and around the $1,970/80 area, with a clear and sustained break above here required to regenerate upward momentum and set values on course to challenge next objectives in the $2,030 then $2,100 regions. Any further dips should again uncover good support at $1,890/1,900, with only a close beneath here likely to extend falls. 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?