Friday, 7 August 2015

AA, CENX - rough end to the week

Whilst the main market closed moderately lower, there was significant weakness in Alcoa (AA), -5.0% @ $9.01. With fellow Aluminium smelter Century Aluminium (CENX) collapsing -37.0% @ $5.18, the outlook remains very bearish.

AA, daily

CENX, daily


Suffice to add... both AA and CENX look set for broad weakness across the next few months.