Adjacent chart shows price movement of MCX Aluminum continuous contract. It was consolidating in a flag pattern. In Tuesday’s trading session, Aluminum broke out from the flag pattern and in today’s trading session, it has seen a follow through. It is likely to inch higher towards 142 – 146 levels in the coming trading session. On the way down, the zone of 136.50 – 135.50 is likely to act as strong support. Dips shall be seen as a buying opportunity as long as it is trading above the swing low of 131.50. The daily momentum indicator has turned positive.
 
Labels: , , ,

Today`s Free Power Level & Auto Buy Sell Chart

(Disclaimer: The above chart shown is for study purpose only and not for trading decision)

Currency & Comex Jobbing Range

Contact Form

Name

Email *

Message *

Powered by Blogger.