Wednesday, 24 May 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 24 MAY 2017

Aluminium trading range for the day is 123.8-127.8. Aluminium rallied to settle at 126.45 as support seen after dollar dropped after weakening US economic data. Support also seen after the speculation that new aluminum production capacity has been halted in China on air pollution Government proposals to cut aluminum output later this year and plowed into the SHFE aluminum market driving up prices.

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