mcx aluminium monthly forecast march 2016

mcx aluminium monthly technical analysis report march 2016

mcx aluminium monthly technical analysis report march 2016

Mcx aluminium for month march trading with loss. After last 4 month continue positive closing, aluminium opened in red and trading in red. On monthly chart price trend and momentum both are strong bullish on long term recovery rally.   For month of March, mcx aluminium above 107.7 will remain buy for targets 114 and 118. As it is trading below it but technical price pattern and indicators are bullish and suggesting buy side for this base metal.   Below 107.7 mcx aluminium future support zones are 104 and 97. In bearish conditions these are target levels for this base metal. Technical picture for base metals are strong bullish and signaling long rally all over.

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