Aluminium yesterday traded with the positive node and settled 0.14% up at 109.00 as support can be seen after the china's manufacturing PMI for September unexpectedly rebounded to 49.8%, thanks to pro-growth policy in the country, but still pointing to contraction. The euro zone's September manufacturing PMI signaled economic recession in the region was inevitable. LME aluminum prices struggled at $2,100/mt during the National Day holiday in China due to the absence of Chinese traders. The US nonfarm payrolls for September released last Friday was basically in line with expectations and the US employment rate surprisingly fell back to 7.8%, the lowest since 2009. Improved employment, however, failed to arouse much long buying. LME aluminum was weak on investors' worries over the global economy. Finally, LME aluminum ended the day down $13/mt or 0.61% to close at $2,107/mt. Investors will enter the market according to situations after the week-long holidays. In yesterday's trading session aluminium has touched the low of 108.8 after opening at 109, and finally settled at 109. For today's session market is looking to take support at 108.8, a break below could see a test of 108.7 and where as resistance is now likely to be seen at 109.1, a move above could see prices testing 109.3.

Trading Ideas:

Aluminium trading range for the day is 108.67-109.27.

Aluminium settled flat as no significant progress was reported on the Greece and Spanish debt crisis.

Positive unemployment data dampened market expectation that Fed will introduce more monetary policy to boost economy

The US nonfarm employment data were positive, but the Greece and Spanish debt concern still lingered.