Mcx aluminium monthly report for December 2016
Mcx aluminium on last trading session closed at 117.55 with loss. Mcx aluminium hit my targets 118+ and 121.8 in November series and now time for correction. For month of December,. Below 118, mcx aluminium trend will be bearish and trading strategy remain sell on rise. . Weekly closing above 118 means reversal signal and primary uptrend resumes. On upside 122.4 and then 127 are reversal bullish targets. , showing aluminium prices are overbought and facing strong supply around 120. On downside 106.5 is major support and expect correction up to that level if fails to cross 120 on weekly closing basis.