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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,...
Aluminum close to $2300 area
Aluminum quotations continue to strengthen, a situation due to currently unsustainable delivery times and costs. Despite this, prices are approaching a fundamental psychological level of $/ton 2300. At these prices there will be a lot of volatility. Indicators on a...
High volatility for zinc prices
In the last 1 hour, zinc prices have registered a 4.50% movement between the opening of 8 am (2749.50$/ton) and its minimum (2627$/ton), to then recover part of the lost ground (2720$/ton at 9.30 am). In this way the prices have created a long "spike" (lower line...