U.S. aluminum imports rose 102.9% in June from a month ago, and was up 64.7% from the previous year, the Commerce Department reported Wednesday. Aluminium has touched a low of Rs 99.45 a kg after opening at Rs 100.05, and last traded at Rs100.25.For today market is looking for the support at 99.4, a break below could see a test of 98.6 and where as resistance is now likely to be seen at 101.1, a move above could see prices testing 101.9.

Trading Ideas:

Aluminium trading range is 98.6-101.9.

U.S. aluminum imports rose 102.9% in June from a month ago

Support for aluminium is at 99.40 and resistance is at 101.10 level.

Aluminum daily stock at Shanghai exchange down by -275 tonnes.