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Lafarge - LG - France |
Sub7
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Joined: 18 Mar 2011
Posts: 20
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 Posted: Thu Mar 24, 2011 5:28 pm Post subject: Lafarge - LG - France |
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Lafarge – Daily Chart
24 Mar. 2011
Lafarge gave an exit point for short-term traders on the 28th of Jan 2011 when it violated level 44.94 ~ 45 Euros. Notice something, Lafarge, is crawling under its long term trend line. If Lafarge was able to cross over that line then it would be a very positive sign. but till now short traders and intraday speculators are engaged.
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rffrydr
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Joined: 30 Oct 2005
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Location: Sunny California
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| Posted: Fri Mar 25, 2011 7:17 pm Post subject: |
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As china produces half the cement in the world more or less on any given quarter they are the marginal exporter. See "Wonderful World of Cement" in MTC. Either this is a china not-so-fast story; or, because in '08 cement was totally exposed to crude, a nat-gas substitution story. 
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