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Technical selling activity hits aluminium: Angel Commodities Broking

Posted On: 2018-05-12 11:09:26

Ms. Kaynat Chainwala (Research Analyst - Base Metals, Angel Commodities Broking):

"Aluminium made a comeback to negative territory this week after a brief optimism in the last week hit by technical selling triggers despite plunge in LME and Shanghai stocks. Aluminium prices fell around 3 percent on both LME and MCX so far this week citing bearish trading activity. LME stocks fell by around 4 percent, reducing on warrants to 68 percent at present from 80 percent in April'18."


Source: Equity Bulls

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