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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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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