Aluminium settled down -1.93% at 114.55 as a reflection of strong risk aversion sentiment weighed on prices. The U. S. economy added 169,000 jobs in August, the Bureau of Labor Statistics reported Friday, less than market calls for a 180,000 increase. July 's figure was revised down to 104,000 from 162,000, while June's figure was revised down to 172,000 from 188,000. The private sector added 152,000 jobs in August, well beneath expectations for a 180,000 rise. The U. S. unemployment rate fell to 7.3% in August from 7.4% in July, as more people left the workforce. The data initially fueled sentiments that the Federal Reserve may hold off announcing plans to begin winding down its USD85 billion in monthly bond purchases at its Sept. 17-18 policy meeting, though by Monday, many investors backtracked on that opinion, betting that the Fed remains on course to begin scaling back its asset purchases this month even if just by a little. Fed officials have said they will pay close attention to data when deciding the fate of stimulus programs, and despite a soft August jobs report, the U. S. economy continues to recover. Euro zone Sentix's investor confidence index in September rose sharply to 6.5, a record high since May 2011; Banque de France raised Q3 GDP growth from 0.1% to 0.2%, indicating continued recovery of European economy. Technically market is under fresh selling as market has witnessed gain in open interest by 2.53% to settled at 2753 while prices down -2.25 rupee, now Aluminium is getting support at 113.9 and below same could see a test of 113.1 level, And resistance is now likely to be seen at 116, a move above could see prices testing 117.3.

Trading Ideas:

Aluminium trading range for the day is 113.1-117.3.

Aluminium settled down -1.93% at 114.55 as a reflection of strong risk aversion sentiment weighed on prices.

Worries are growing that the US may launch military attack on Syria.

The U. S. economy added 169,000 jobs in August, the Bureau of Labor Statistics reported Friday, less than market calls for a 180,000 increase