Aluminium yesterday traded with the negative node and settled -0.1% down at 104.15. Some support had been seen from the LME stock also which came down by -3150mt, the total stock at LME is now at 4348850mt. In yesterday's trading session aluminium has touched the low of 103.55 after opening at 104.1, and finally settled at 104.15. For today's session market is looking to take support at 103.5, a break below could see a test of 102.8 and where as resistance is now likely to be seen at 104.9, a move above could see prices testing 105.7. Spread between aluminium OCT & NOV contracts yesterday ended at 0.95. Spread yesterday traded in the range of 0.9 - 1.2.

Trading Ideas:

Natural Gas trading range is 163.5-172.7.

Natural gas fell on speculation weak demand and a lack of storms in Gulf of Mexico

Natural gas looks to test support at 165.4 and resistance is seen at 170.

Gas inventories were 6.3 percent above the five-year average in the week ended Sept. 24