Commodity Outlook for Aluminium by KediaCommodity

AluminumAluminum yesterday made a 10-day high on fresh buying after ease in concerns over euro zone debt worries, tracking firm global equity markets strong euro zone April industrial production data also supporting the prices. Aluminium has touched a low of Rs 90.6 a kg after opening at Rs 90.65, and last traded at Rs91.9.For today market is looking for the support at 91, a break below could see a test of 90 and where as resistance is now likely to be seen at 92.5, a move above could see prices testing 93.

Trading Ideas:

Aluminium trading range is 90-93.

Aluminum yesterday made a 10-day high on fresh buying

Support for aluminium is at 91 and resistance is at 92.50 level.

U.S. aluminum imports rose 15.9% in April from a month ago

BUY ALUMINIUM JUNE ABV 91 SL 90 TGT 91.80-92.50-93.40.MCX