Russia exported in January 213,000 metric tons of aluminum, a fall of 19% on the year, the federal customs service said Friday.

The aluminum exported in January was worth $361.8 million compared with $482 million a year ago.

Aluminium has touched a low of Rs 100.6 a kg after opening at Rs 100.7, and last traded at Rs101.15.

For today market is looking for the support at 100.8, a break below could see a test of 100.4 and where as resistance is now likely to be seen at 101.4, a move above could see prices testing 101.4, a move above could see prices testing 101.7.

Trading Ideas:

Aluminium trading range is 100.4-101.7.

Russia exported in January 213,000 metric tons of aluminum

Support for aluminium is at 100.05 and resistance is at 102.40 level.

Aluminium weekly stock at Shanghai exchange came up by 5555 tonnes.

BUY ALUMINIUM MAR AT 101 SL 99.80 TGT 101.90-102.60-103.50. MCX

Courtesy: Kedia Commodities

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