mcx aluminium weekly : reaching my tgt 97 low 98

mcx aluminium weekly technical predictiosn for 28 march to 1 april 2016

mcx aluminium weekly technical predictiosn for 28 march to 1 april 2016

Mcx aluminium future this week closed with loss. This was forth losing week for this base metal commodity.   Weekly chart price trend and momentum both are bearish. I suggested short calls below 107.8 for targets 104 and 97. Almost both target achieved, aluminium given this week low at 98.   Below 97 aluminium price will show another major breakdown for targets 93 and 80 rupees. If technical bounce back came traders can go short around 102-102.5 levels for better risk reward ratio.

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Pramod Baviskar

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