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$
