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Sunday, December 14, 2014

ALUMINIUM UPDATES FOR DEC 14 2014

SUNDAY


WEEKLY UPDATE



Out of all the base metals Mcx Aluminum looks very bearish and is expected to drop



further up to 119.5 levels, and any time close below 119.5 will give a steep



correction up to 116 levels, with strong resistance above 123.3 levels sell on


rises is the best bet.



Weekly Call :



1) Mcx Aluminum Sell on rises between 121 – 121.5


with stops above 123.3


for targets 119.5 and 118.



2) Sell Mcx Aluminum only on close below 119.5



with stops above 121.5



for targets 117 and 116.