Aluminium yesterday traded with the positive node and settled 0.3% up at 114.85 but overall market was traded in the range as US stock markets were closed for Presidents' Day on February 21st. Euro once strengthened against the US dollar due to positive economic data, the political turmoil in Middle East improved market demand for risk aversion, helping drive up US dollar index.

The US dollar index fluctuated narrowly last night, with the index opening at 77.66, hitting a low of 77.48, and finally closing at 77.66. LME aluminum prices climbed steadily after opening at USD 2,570/mt, and finally closed at an intraday high of USD 2,580/mt, again setting a new high, up USD 10/mt compared with the previous trading day.

In yesterday's trading session aluminium has touched the low of 114.25 after opening at 114.65, and finally settled at 114.85. For today's session market is looking to take support at 114.2, a break below could see a test of 113.5 and where as resistance is now likely to be seen at 115.6, a move above could see prices testing 116.3.

Trading Ideas: Aluminium trading range is 113.5-116.3. Aluminium yesterday traded in the range as US markets were closed Aluminium is taking support at 113.60 and resistance at 116 level. Aluminium daily stocks at Shanghai exchange came down by 3105 tonnes. YESTERDAY LME STOCK FOR ALUMINIUM CAME UP BY 28150