Trade of the week: long aluminium
Channel: IG MENA
Date: 18/01/2023

Aluminium is in the process of long-term bottoming out and last week rose above its December peak. This is technically medium-term bullish, and our trade of the week is therefore to go long aluminium on a minor retracement to $2,575 with a stop-loss at $2,335 and an upside target at $2,995.

Subscribe: https://www.youtube.com/c/IGMENAregion
Learn more about IG: https://www.ig.com/ae

Twitter: https://twitter.com/IGMENA 
Facebook: https://www.facebook.com/IGcomMENA  
LinkedIn: https://www.linkedin.com/company/ig-mena

About IG

We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex, and commodities  – through our award-winning range of platforms and apps.

IG MENA

The IG office at Al Fattan Currency House is purposely located in the heart of Dubai’s financial district. The office will be open six days a week and will provide a range of seminars and educational tools to clients and members of the UAE public. Experienced customer support will be on hand 24 hours a day.