Alcoa Follows Aluminium prices pretty closely..
Alcoa is at the top of its channel and MFI says a pullback is imminent. Also Fib resistance at 51 was touched and rejected
Aluminum futures are way over bought since sept 3 rally after Guinea military coupe (Long story)
Short term target is 48$ (Minor channel support)
After that 45.79
finally channel bottom around 40$
Alcoa is at the top of its channel and MFI says a pullback is imminent. Also Fib resistance at 51 was touched and rejected
Aluminum futures are way over bought since sept 3 rally after Guinea military coupe (Long story)
Short term target is 48$ (Minor channel support)
After that 45.79
finally channel bottom around 40$
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.