Dated 17/07/2017
ALUMINUM C1 CHART- Bull Market Likely
Historical Chart View
A trend line breakout on the monthly chart can be seen.
The trend line is from the top of 151.45 (May 2006) and 144.20 (July 2008).
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The 61.8% projection of 131.5 is crossed.
Therefore expect a rally to 144-151.
The 100% projection target is at 154.
In long term upper channel line can be tested.
Historically, 144-151 has been difficult for Aluminum price to sustain.
Conclusion
Breakout can take aluminum price in a bull market.
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