MCX Aluminium futures fell on back of weak European PMI data along with the declining export orders from China which diluted outlook for metals demand in ongoing week.
MCX Aluminium September delivery contract fall by 0.42 percent to 108.15 rupees per kilogram on Tuesday morning. Immediate support seen at 106 rupees and above side resistance stays at 115 rupees.
MCX Aluminium Outlook
As per commodity report MCX Aluminium future looks weak below 110. This week is very crucial for the European markets and also for international commodity prices as there are various important economical events during the week which will help set trend for the short-term.
MCX Aluminium September delivery contract fall by 0.42 percent to 108.15 rupees per kilogram on Tuesday morning. Immediate support seen at 106 rupees and above side resistance stays at 115 rupees.
MCX Aluminium Outlook
As per commodity report MCX Aluminium future looks weak below 110. This week is very crucial for the European markets and also for international commodity prices as there are various important economical events during the week which will help set trend for the short-term.
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