Commodity Outlook for Aluminum by KediaCommodity
Aluminum demand will grow 6% from now to 2020 and this will require more capacity. Aluminium has touched a low of Rs 101.6 a kg after opening at Rs 103.1, and last traded at Rs101.7.For today market is looking for the support at 101.1, a break below could see a test of 100.5 and where as resistance is now likely to be seen at 102.8, a move above could see prices testing 103.8.
Trading Ideas:
Natural Gas trading range is 173.1-186.1.
Natural gas fell on easing concern that storms will threaten energy pipelines
Natural gas looks to take resistance at 182.10 and support at 175.60.
Hurricanes have not resulted in significant disruptions to Gulf gas production this year.