Commodity Outlook for Aluminium by Kedia Commodity

Aluminium yesterday traded with the positive node and settled 0.21% up at 94.65. Some support had been seen from the LME stock also which came down by -4950mt, the total stock at LME is now at 4561275mt. In yesterday's trading session aluminium has touched the low of 94.5 after opening at 94.65, and finally settled at 94.65. For today's session market is looking to take support at 94.5, a break below could see a test of 94.4 and where as resistance is now likely to be seen at 94.7, a move above could see prices testing 94.8.

Aluminium trading range is 94.4-94.8.

Aluminium along with other metals ended up but looks to trade range bound

Support for aluminium is at 93.60 and resistance is at 95.90 level.

Aluminium daily stock at Shanghai exchange came up by 126 tonnes.

WAIT FOR CALL YESTERDAY LME STOCK FOR ALUMINIUM CAME DOWN BY -4950