Tuesday, 3 January 2017

EPIC RESEARCH MCX ALLUMINIUM UPDATE OF 3 JANUARY 2017

Aluminium trading range for the day is 114.8-115.8. Aluminium prices remained in range but outlook remain weak as the Chinese New Year holiday in the first quarter of 2017. Investors will be looking ahead to Friday’s U.S. employment report for December along with Wednesday’s minutes of the Fed’s December meeting Technically market is under fresh buying as market has witnessed gain in open interest by 1.37% to settle at 1628.

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