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Industrial metals are set to witness an upcoming rally

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Century Aluminum Company (NASDAQ:CENX)  
AlyaAkram  
NASDAQ:CENX   Century Aluminum Company
Trend Analysis Technical Indicators centuryaluminium CENX aluminum aluminium alumetal industrials industrial industrialmetals steel
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trendanalysis indicator centuryaluminium cenx aluminum aluminium alumetal industrials industrial industrialmetals steel
  • Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research.

    CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March 12.

    Momentum and strength indicators are supporting that the stock would move upward to hit $14.65 and $16.25 levels consequitvely on the short term.

    Century Aluminum shares CENX rose 7.62% in yesterday's trading in a strong session for metals.

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