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Monday, January 26, 2015

ALUMINIUM UPDATES FOR JAN 26 2015

MONDAY


WEEKLY UPDATE



Mcx Aluminum last week recovered from low of say 112 levels to test 116 levels


and dropped back to 112 levels on weekend closing we expect prices to move


towards southwards direction for the days to come with strong resistance


above 114 levels, we expect prices to correct up to 109 to 107 levels.



Weekly Call :



Sell Aluminum or alumini between 112 – 112.5



with stops above 114



for targets 109 and 107.