October 2019 | Base Metals
Market Summary: Looking for direction at LME Week
The base metals have been getting some lift lately as optimism grows about a potential US-China trade agreement. Market discussion during LME Week this week may add some volatility to pricing, but may also help to create a consensus view that sets a directional trend for the remainder of Q4.
Looking for direction at LME Week
The base metals have been getting some lift lately as optimism grows about a potential US-China trade agreement. Market discussion during LME Week this week may add some volatility to pricing, but may also help to create a consensus view that sets a directional trend for the remainder of Q4.
Aluminium: The case for a short-term price rebound
Although the LME aluminium price remains within a descending wedge-like pattern on the charts, a floor is firming up above $1,700 per tonne and there is an emerging upside bias, which will be reinforced if it can break above the downtrend line off the October high. A more positive macro backdrop arising from a possible US-China trade deal could kick-start...
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