mcx aluminium weekly forecast for 23 to 27 nov 2015
mcx aluminium future this week closed with loss.
this was second weekly loss after technical bounce back rally.
on downside 93 is only and major support for aluminium future.
on weekly chart, indicators after bouncing back
trending towards oversold area which is very bearish
sign and suggest deep passiveness of the market.
mcx aluminum weekly support zones are 93 and 88.5.
mcx aluminium weekly resistance zones are 96 and 100.
traders watch 93 level closely , if breaks below it
then sharp selloff expected and target will be 88.5.