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LME Aluminum to Face Technical Downward Correction

Author:Site  Source:Network  Click to rate:1147  Post time:2015-12-08

SHANGHAI, Dec. 8 (SMM) –LME aluminum will face technical downward correction on Tuesday and move between USD 1,485-1,501/mt, dragged by falling crude oil prices. SHFE 1602 aluminum is expected at RMB 10,160-10,350/mt, testing support at the 10-day moving average and resistance at RMB 10,300/mt.
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