World aluminum inventories in May rose 3.1%, or 71,000 metric tons, to 2.339 million tons, from 2.268 million tons in April, according to figures released by the International Aluminum Institute.  May's figure was 6.8% below the May 2009 inventory figure of 2.511 million tons, but it was the highest level since August 2009. Aluminium has touched a low of Rs 90.75 a kg after opening at Rs 90.9, and last traded at Rs92.2.For today market is looking for the support at 91, a break below could see a test of 89.8 and where as resistance is now likely to be seen at 93.1, a move above could see prices testing 94.

Trading Ideas:

Aluminium trading range is 89.8-94.

World aluminum inventories in May rose 3.1%,

Support for aluminium is at 91 and resistance is at 93.10 level.

Aluminum daily stock at Shanghai exchange down by -3589 tonnes.

SELL ALUMINIUM JUNE BELOW 92 SL 93 TGT 91.40-90.80-90.20.MCX