mcx aluminium weekly technical call for 4 to 8 jan 2016

mcx aluminium weekly technical call for 4 to 8 jan 2016
mcx aluminium future this week closed with loss at 100.35.
mcx aluminium weekly chart price trend is bearish but
momentum is on recovery side.
For medium term, mcx aluminium support zones are 96.4 and 91.3.
On upside expect strong resistance at 101.5 and 106.5 levels.
For next week , aluminium future will face strong supply zone
around 101.5 if it crooss that level then expect trend change
and immidiate target for aluminium future aroud 106-107.
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Pramod Baviskar

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