LME Aluminium - Bullish Breakout, Rebound Towards $1,910/ton

Описание: The LME aluminium inventories dropped to 998,600 tons as of June 26, extending its decline since May 9 and edging closer to its 52-week low of 926,100 tons seen in mid-October. The recent retreat in U.S. dollar also fueled a rebound in LME Aluminium price, which has broken above a bearish trend line. Above key support at $1,755, upside targets at $1,870 and $1,910.