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MCX Tips, MCX Aluminium faces crucial resistance ahead
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The Aluminium futures contract on the Multi Commodity Exchange (MCX) witnessed a strong rally for the third consecutive week. The contract surged to a high of ₹145.95/kg and has come-off slightly from there. It is currently trading at ₹144.5. There is a crucial long-term resistance in the band between ₹146 and ₹147. Whether the contract breaks above this hurdle or not will decide the next trend.
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