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Friday, October 16, 2015

Update on Aluminium 16 Oct 2015





Aluminium






Support at 99.40 and Resistance at 102.80








Three consecutive closes + weekly close below 99.40 will see free fall in Aluminium till 96.50---94.00 and then to 89 mark in days to come


Else it could test its resistance level of 102.80 again


Further upside rally seen only close above 102.80 mark. So traders can trade safely with levels only and wait for confirmation.





More will be update soon!!