India, Sept. 11 -- Technically Aluminium market is under long liquidation as market has witnessed drop in open interest by 2. 95% to settled at 527 while prices down 0.1 rupees.
Now MCX Aluminium is getting support at 143.8 and below same could see a test of 142.8 levels and resistance is now likely to be seen at 145.7 a move above could see prices testing 146.6.
Aluminium yesterday settled down by 0.07% at 144.85 amid unfavorable macroeconomic environment. China exported 395400 mt of unwrought aluminium and aluminium semis in August up 5.9% from July but down 15.2% from a year ago.
Exports totalled 3.13 million mt in the first eight months of 2020 shrinking 20.4% from the same period last year according to customs data.
Chinese inflati...