Commodity Outlook for Aluminium by KediaCommodity
Russian exported in January-February 508,400 metric tons of aluminum, 2.4% more than in the corresponding two months last year, the federal customs service reported. The exported aluminum was worth $863.3 million compared with $902.2 million a year ago. Aluminium has touched a low of Rs 103.5 a kg after opening at Rs 104.3, and last traded at Rs104.25.For today market is looking for the support at 103.6, a break below could see a test of 102.9 and where as resistance is now likely to be seen at 104.8, a move above could see prices testing 105.4.
Aluminium trading range is 102.9-105.4.
Russian exported in January-February 508,400 metric tons of aluminum
Support for aluminium is at 103.60 and resistance is at 104.80 level.
Aluminium daily stock at Shanghai exchange came up by 2297 tonnes.
BUY ALUMINIUM APR @ 102.50-103 SL 101.50 TGT 104-104.80-105.50.MCX