mcx aluminium future outlook for 9 to 13 may 2016

 

mcx aluminium future outlook for 9 to 13 may 2016

Mcx aluminium future this week closed with loss. After last 3 weeks gain aluminium prices seen strong profit booking.

 

Weekly closing below 107.5 was bearish breakdown and now tgts are 104 and 96 rupees.

 

Traders below 107.5 keep sell on rise view and expect tgt 104 and below in next week.

 

This times breakout failure might set low of 87 to 80 rupee in longer terms.

 

 

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