Free MCX Aluminium Tips : Below ₹ 143.40 Big Panic Start, Any Rally Sell Sell Sell
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Gold Silver Reports – US President Donald Trump has this year sought to renegotiate some of the United States’ trading relationships, in particular with China. He has imposed tariffs on some imports, in turn sparking retaliatory action by other countries, raising fears of a global trade war.
As shorts closed out their positions, but we see limited speculative room for aluminium prices in the short term and the contract is likely to remain rangebound. Sentiment remained fragile in the face of tense trade relations between the United States and other major economies, with investors braced for another potentially rocky day for Chinese markets.
Growth in China’s manufacturing sector cooled slightly in June as firms faced rising input costs and a decline in export orders amid an escalating trade dispute with the United States, a private survey showed on Monday. China accounts for nearly half of global copper consumption, estimated this year at around 24mts. – Neal Bhai Reports