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Industrial metals are set to witness an upcoming rally

Long
NASDAQ:CENX   Century Aluminum Company
  • 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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