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Sunday, August 2, 2015

ALUMINIUM UPDATES FOR AUG 2 2015

SUNDAY




WEEKLY UPDATE




Along with all base metals aluminum was trading in the negative range and was closed at 103 levels over all range for



the commodity remains bearish and we expect prices to correct further up to 101 to 100 levels, sell on rises is the best bet,



immediate supports for the commodity is now at 102 and then at 100 , resistance at 105 levels.



Weekly Call :



Sell Aluminum at cmp 103



and on rises up to 103.5



with stops above 105 for target 101 and 100.




Close below 100 positionally we expect prices to test 93 levels with cost at stops.




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