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Commodity Outlook for Aluminium by KediaCommodity
17/11/2009 12:00
Aluminium Australia imposed provisional anti- dumping duties of 16 percent on some aluminum extrusion products from China, joining the U. S. and the European Union in taking trade actions against the world's third-largest economy. Aluminium has touched a low of Rs 89.5 a kg after opening at Rs 90.15, and last traded at Rs89.95. For today market is looking for the support at 89.40, a break below could see a test of 88.80 and where as resistance is now likely to be seen at 90.50, a move above could see prices testing 91.10. ALUMINIUM TRADING RANGE IS 87-94.
Submitted by Ajay Kumar Kedia on Fri, 11/13/2009 - 09:08.
Source: www.topnews.in
Source: www.topnews.in
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