{"id":58884,"date":"2011-09-22T11:45:41","date_gmt":"2011-09-22T01:45:41","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/09\/22\/aluminium-breaks-bearishly\/"},"modified":"2011-09-22T11:45:41","modified_gmt":"2011-09-22T01:45:41","slug":"aluminium-breaks-bearishly","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/09\/22\/aluminium-breaks-bearishly\/","title":{"rendered":"Aluminium Breaks Bearishly"},"content":{"rendered":"<p>\n\tBy Rudi <span>Filapek-Vandyck<\/span><\/p>\n<p>\n\tThe main weakness in technical analysis is that the view of the chartists doing all the reading and interpreting counts as much as what the price charts actually show. As such, the team of technical analysts at Barclays has been unpleasantly surprised by the further breakdown in the price of <span>aluminium<\/span> this week. Technical support was supposed to prove strong enough, yet it wasn&#039;t.<\/p>\n<p>\n\tWhen technical support gives in, more weakness should follow and that has now become the view at Barclays. The analysts anticipate <span>aluminium<\/span> will drop to US$2200\/t which is the next level of technical support.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Aluminium_breaks_bearishly.jpg\" style=\"width: 670px;height: 407px\" \/><\/p>\n<p>\n\tEarlier, copper had already surprised in a negative sense and the team&#039;s expectation is that we will witness more price weakness for copper towards US$8220\/t. Were this support to give in, the analysts believe there is &quot;cloud support&quot; near US$8100. The latter price level should form a base under the copper price, predict the analysts.<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More weakness should be in store for both aluminium and copper, predict technical analysts at Barclays.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58884"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58884"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58884\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}