MCX Aluminium may trade between 132.1 135.9 levels
India, March 30 -- Technically Aluminium market is under long liquidation as market has witnessed drop in open interest by 7. 74% to settled at 3669 while prices down 1.05 rupees.Now MCX Aluminium is getting support at 133 and below same could see a test of 132.1 levels and resistance is now likely to be seen at 134.9 a move above could see prices testing 135.9.Aluminium yesterday settled down by 0.78% at 133.85 as a series of stimulus steps around the world including a gigantic US package calmed a panic over a global recession following the coronavirus outbreak. G20 nations pledged to inject $5 trillion into the global economy after a virtual summit on.US Federal Reserve Chairman Jerome Powell said that the central bank will not run out of...
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