Commodity Outlook for Aluminium by KediaCommodity

Aluminium stocks held at three major Japanese ports rose 7.09 percent in December compared to a month earlier, although there has been steady demand for the metal. Aluminium has touched a low of Rs 104.5 a kg after opening at Rs 105, and last traded at Rs104.7.

For today market is looking for the support at 104.25, a break below could see a test of 103.8 and where as resistance is now likely to be seen at 105.4, a move above could see prices testing
106.1.

Trading Ideas: range is 101-108.

Japan end-Dec aluminium stocks up about 7 pct m/m

Now support for aluminium is at 103.80 and resistance is at 105.80 level.

Aluminium daily stock at Shanghai exchange came up by 16841 tonnes.

BUY ALUMINIUM JAN @ 105 SL 103.80 TGT 105.80-106.40-107.30. MCX