MCX Aluminium is looking weak technically and fundamentally both type. Once it close below 118.4 level then we’ll look freefall upto 115.5 or below but it should be close below that level for consecutive 1-2 days. Freefall will be like 117.6-116.2-115.1
If aluminum stays above my level then we will see 120.8+ levels soon…
MCX very weak commodity is cotton. If it will close below 17200 then no-one can stop it for big freefall. Intraday traders can create 17220 level as target for day trading!
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Crude oil is looking weak for next week also. You will find up down jumps between 5639-5580 and closing above 5642 by means little uptrend. If black gold close below 5580 then we will see again bloodbath otherwise you get upward move because of it strong volume + buyers.