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LyondellBasell Could Hold Temporarily Before Renewed Declines

·1 min read
LyondellBasell Could Hold Temporarily Before Renewed Declines
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LyondellBasell Industries is one of the world's largest producers of versatile plastic resins. In this daily bar chart of LYB, below, we can see that prices have broken down in June. LYB quickly broke the 50-day moving average line in June after a number of successful tests of the line in April and May. Prices continued to weaken in June and broke the 200-day line.