Aluminium yesterday traded with the positive node and settled 0.99% up at 116.45 tracking LME aluminum prices which opened at USD 2,560/mt, and later climbed to USD 2,604/mt, as exports of spot aluminum from Libya were disrupted.
However, LME aluminum prices later lost some gains due to a stronger US dollar, investors' profit-taking, and falling positions, and finally closed at USD 2,596/mt, up USD 38/mt compared with the previous trading day, or up 1.49%.
In yesterday's trading session aluminium has touched the low of 114.05 after opening at 114.7, and finally settled at 116.45.
For today's session market is looking to take support at 114.8, a break below could see a test of 113.1 and where as resistance is now likely to be seen at 117.4, a move above could see prices testing 118.4.
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