Total world aluminum output in December rose by 70,000 metric tons to 2.128 million tons, from 2.058 million tons in November, according to figures released by the International Aluminum Institute. Aluminium has touched a low of Rs 109.5 a kg after opening at Rs 109.95, and last traded at Rs109.75.For today market is looking for the support at 109.5, a break below could see a test of 109.3 and where as resistance is now likely to be seen at 110, a move above could see prices testing 110.2.

Trading Ideas:

Aluminium trading range is 109.3-110.2.

December world aluminum output 2.128m tons, up 70,000 tons - IAI

Aluminium is taking support at 108.40 and resistance at 110.70 level.

Aluminium weekly stocks at Shanghai exchange came down by 3696 tonnes

BUY ALUMINIUM JAN ABV 110.25 SL 109.50 TGT 111-111.80-112.50.MCX