MCX Aluminium Under Fresh Buying; Support Seen At 137.9

Aluminium market is under fresh buying as market has witnessed gain in open interest by 1.98% to settled at 3812.

Now MCX Aluminium is getting support at 137.9 and below same could see a test of 136 level, And resistance is now likely to be seen at 141.3, a move above could see prices testing 142.8.

Aluminium on MCX settled up 1.86% at 139.75 tracking LME prices closed 1.1 percent higher at $1,974 a tonne after the United States and China agreed to a truce in a trade dispute that has undermined confidence in economic growth prospects.

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