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Mtechtips ALUMINIUM MCX BUY ABOVE 105.5-106 STOPLOSS 104 TGT 109

Mtechtips ALUMINIUM MCX BUY ABOVE 105.5-106 STOPLOSS 104 TGT 109

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MTECHTIPS

Mtechtips ALUMINIUM MCX BUY ABOVE 105.5-106 STOPLOSS 104 TGT 109

Mcx aluminium future this week closed at 107.75 with loss of 1.42%.this week mcx aluminium future made high near 108.85 while low was 104.8 so total 5 rupee move which is almost 5% with bearish trend and momentum. this was second big losing week for aluminium prices and with heavy volatility.mcx aluminium long term trend is down and momentum also at bottom. for next week on upside 108.5 is major resistance and 2 years level level then 109.5 and 110 are resistances and 12-6 month levels respectively.on downside 103 and then 100 will be major support and target levels if trade below 108.5.

WWW.MTECHTIPS.COM
07489294118-119
MTECHTIPS

Mtechtips ALUMINIUM MCX BUY ABOVE 105.5-106 STOPLOSS 104 TGT 109

Mcx aluminium future this week closed at 107.75 with loss of 1.42%.this week mcx aluminium future made high near 108.85 while low was 104.8 so total 5 rupee move which is almost 5% with bearish trend and momentum. this was second big losing week for aluminium prices and with heavy volatility.mcx aluminium long term trend is down and momentum also at bottom. for next week on upside 108.5 is major resistance and 2 years level level then 109.5 and 110 are resistances and 12-6 month levels respectively.on downside 103 and then 100 will be major support and target levels if trade below 108.5.

WWW.MTECHTIPS.COM
07489294118-119

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Published by: MtechTips on Mar 04, 2013
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05/14/2014

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MTECHTIPS Mtechtips ALUMINIUM MCX BUY ABOVE 105.

5-106 STOPLOSS 104 TGT 109

Mcx aluminium future this week closed at 107.75 with loss of 1.42%.this week mcx aluminium future made high near 108.85 while low was 104.8 so total 5 rupee move which is almost 5% with bearish trend and momentum. this was second big losing week for aluminium prices and with heavy volatility.mcx aluminium long term trend is down and momentum also at bottom. for next week on upside 108.5 is major resistance and 2 years level level then 109.5 and 110 are resistances and 12-6 month levels respectively.on downside 103 and then 100 will be major support and target levels if trade below 108.5. WWW.MTECHTIPS.COM 07489294118-119

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