Aluminium Futures MCX heading higher for several months and getting balanced around the record highs.

The market retraces towards the hourly EMA200 which might be supportive. Current surges in the dollar index might get the market rotational while testing swing highs for selling, probable market operations to fight inflation which is an additional reason for the trend in the mental.

The Euro area producer prices in aluminum production stood at about 111.50 points in July.