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Copper: possible rebound in prices for July
From mid-May 2021 until June 21, 2021 copper prices corrected the bullish movement started in March 2020 (+144% new highs since 2009 in 10740 S/ton area). From June 21, 2021 prices started to settle, favoring a first recovery towards 9500 $/ton (currently prices are...
Aluminium: potential target at 2600 $/ton area
As explained in the previous articles aluminum prices have successfully overcome the first resistance level (upper part of the symmetrical triangle) in the area 2460 $/ton. For the coming sessions the next target is identified at the previous highs of May 10, 2021 in...
Aluminum could anticipate bullish July movement
Since the May 2021 highs, primary aluminum has been in a broad triangular phase, with prices now pressuring against the upper extreme in the $2470/mt area. The current pattern identifies itself as a symmetrical triangle, with bullish/bearish implications depending on...
Zinc close to 2750$/ton area
Zinc's downturn started on March 23 approached the first intermediate support in the area 2750$/ton (April 1, 2021). This intermediate level could give way, leaving room for quick pullbacks towards $2720. Also on a statistical level, in the last 5 years of trading,...