EPIC RESEARCH MCX ALUMINIUM UPDATE OF 15 JULY 2016

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Aluminium trading range for the day is 110.9-112.9.      
Aluminium prices ended with gains as support seen on expectations of more stimulus by major economies.  
Aluminium prices are likely to hover between $1,500 and $1,700 per tonne for the latter half of this year as oversupply will cap further gains.  
The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week.


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