Tin May Advance 21%, According to Sucden: Technical Analysis
Email
Print
Tin Market News
Post by Anne B, Tin Researcher
Post by Anne B, Tin Researcher
Tin, this year’s best performer on the London Metal Exchange, is expected to rise as much as 21 percent to $21,708 a metric ton in the next few months, according to technical analysis by Sucden Financial Ltd.
The press release is quoted as saying:
The metal, used mostly to make electrical solders, may advance to as high as $21,708 a ton, a 76 percent retracement of the drop between May and December 2008, according to Brenda Sullivan, a technical analyst at Sucden in London. That level is singled out in so-called Fibonacci analysis.
Click here to access the entire press release
Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.
Leave a Comment
What is Tin Investing News' Comment Policy?
Tin Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions: