14.10.2016 - We expect the price rebound of Alcoa

Price of Alcoa showed rapid decline over the previous days and was able to break through the important level of 27.00 and reached the inclined support line. According to our estimates, after the recent fall there is a high probability of a rebound with the potential of reaching achieve the marks 28,00 and 30,00. On the other hand, the fall may continue up to 25.60 and 21.40. Our medium-term outlook is negative, but the probability of a rebound remains high.

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