MCX Aluminium Tips: Hey there! If you’ve been keeping an eye on the commodity market, you might have noticed aluminium futures taking a small dip on Friday. Let’s break it down in simple terms and see what’s driving this change, what the charts are saying, and how you can plan your trades.
Aluminium futures
Aluminium futures trade higher on positive international rates
Aluminium futures traded higher on MCX, in conjunction with positive international rates amidst weaker dollar and firm demand from industrial consumers. Besides, narrowed inventory levels and stringent supplies also triggered upward trend.