Commodity Outlook for Natural Gas by KediaCommodity
U.S. domestic primary aluminum production in July was 146,000 metric tons, up 3.5% from 141,000 tons the previous month and up 8.1% from 135,000 tons in July 2009, the U.S. Geological Survey said. Total aluminum recovered from scrap in July was 229,000 tons, slightly higher than the previous month and 13% lower than the year-ago period. Aluminium has touched a low of Rs 103.2 a kg after opening at Rs 103.25, and last traded at Rs103.8.For today market is looking for the support at 103.4, a break below could see a test of 102.9 and where as resistance is now likely to be seen at 104.1, a move above could see prices testing 104.4.
Trading Ideas:
Natural Gas trading range is 173.8-176.4.
Natural gas falls as forecasts show reduced threat of storm in U.S. Gulf
Natural gas looks to take resistance at 177.80 and support at 170.60.
U.S. gas production in May totaled 1.92 trillion cubic feet, the highest level since 1974