MCX Aluminium Likely To Move In A Range Of 134-136.4

Technically MCX Aluminium is getting support at 134.5 and below same could see a test of 134 level, And resistance is now likely to be seen at 135.7, a move above could see prices testing 136.4.

Aluminium on MCX settled down 0.73% at 135.10 tracking weakness from international market which fell as much as 0.6 percent to 13,590 yuan ($1,956.55) a tonne, the lowest since Oct. 10, 2016, and stood at 13,610 yuan a tonne as of 0152 GMT. The metal is heading for a 2.8 percent drop in November.

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