MCX Aluminium weekly-near first bearish TGT 128, next support at 123.7

MCX aluminium weekly analysis for 11 dec. to 15 dec. 2017

 

Mcx aluminium future this week closed at 129.35 with huge loss.

mcx aluminium future this week tumbled from high of 133.55 to low of nearly 128.7 rupees.

below 135.2, entered into downtrend and near first bearish target of 128 rupee. below 128, next support as well as bearish target for december will be around 123.7 rupees.

from long term view, aluminium after hitting long term bullish targets now in correction phase and heading lower towards 128 and 113 levels.

 

 

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Pramod Baviskar

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