Aluminium MCX Upper Resistance Levels 104.60 – 105.60

Aluminium MCX Upper Resistance Levels 104.60 – 105.60Gold Silver Reports ~ Aluminium settled up 0.38% at 104.45 as a weaker dollar sparked investor demand for the industrial metal and drove bearish traders out of the market.

Financial speculators in metal such as hedge funds have been strongly bearish on the market since early November, amid signs of weakening economic growth around the world. Some of the market’s gains in recent days likely have been fueled by traders closing out short positions that profit from falling prices as the market has rallied against them.

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Jeera Lower Supply, Buy Every Dip Target at 13700- 13825 levels: Neal Bhai

Jeera Lower Supply, Buy Every Dip Target at 13700- 13825 levels: Neal BhaiGold Silver Reports ~ Jeera NCDEX continue to fall down last week due to limited demand for the old season crop. Moreover, good weather in sowing states, sufficient carryover stocks with local traders and weak export demand at higher levels also weighs on price. Jeera Mar’16 contract fall 1.5 per cent to close at Rs. 13,395 per quintal.

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