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Weekly Outlook

MCX Aluminium tests a key resistance

Yoganand D
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Since taking support at ₹93 per kg in October 2015, the aluminium futures contract on the Multi Commodity Exchange (MCX) has been in a long-term uptrend. Also, the medium-term trend is up for the contract. Following a short-term corrective decline, the contract found support at around ₹129 during second week of this month. Triggered by positive divergence in the daily relative strength index, the...
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Recent Article in Commodity Calls

Immediate outlook unclear for MCX Aluminium

The aluminium futures contract on the Multi Commodity Exchange (MCX) was volatile in the past week. The contract fell to a low of ₹139 p... »

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