Aluminium inventories for the month of December 2010 were 1.34 million tonnes, up by 7.2% from 1.25 million tonnes in November 2010. Aluminium yesterday traded with the negative node and settled -0.27% down at 112.8. Some support had been seen from the LME stock also which came down by -6050mt, the total stock at LME is now at 4524675mt.

In yesterday's trading session aluminium has touched the low of 112.7 after opening at 112.85, and finally settled at 112.8. For today's session market is looking to take support at 112.6, a break below could see a test of 112.4 and where as resistance is now likely to be seen at 113.1, a move above could see prices testing 113.4.

Trading Ideas: Aluminium trading range is 112.4-113.4. Aluminium inventories for the month of December 2010 were 1.34 million tonnes Aluminium is taking support at 111.40 and resistance at 114 level. Aluminium weekly stocks at Shanghai exchange came down by 3946 tonnes