Aluminium on Tuesday traded with the negative node and settled -1.49% down at 107.65 Fed announced on January 26th that the US economic recovery is still slow, and it will leave the benchmark interest rate unchanged at zero to 0.25%, and maintain its plan to purchase government bonds. In response, LME aluminum prices opened at a high of USD 2,390/mt, with the highest prices reported at USD 2,397/mt, and finally ended at USD 2,387/mt, up USD 26/mt compared with the previous trading day. For today's session market is looking to take support at 106.8, a break below could see a test of 105.9 and where as resistance is now likely to be seen at 108.8, a move above could see prices testing 110.

Trading Ideas:

Aluminium trading range is 105.9-110.

Aluminium on Tuesday traded with the negative node and settled -1.49% down at 107.65

Aluminium is taking support at 106.40 and resistance at 108.80 level.

Aluminium daily stocks at Shanghai exchange came down by 1469 tonnes

BUY ALUMINIUM JAN @ 107-107.50 SL 106.50 TGT 108.50-109.50-110.20.MCX

YESTERDAY LME STOCK FOR ALUMINIUM CAME DOWN  BY -4975