The chart shows the price movement of MCX Aluminium. MCX Aluminium has been trading in a medium-term downward sloping channel. Recently, from a lower channel line the base metal has moved up significantly. It reached 78.6% retracement mark. From there the metal has entered a correction mode. It has formed a distribution triangle. Unless the level of 109.40 is crossed, the price is expected to start tumbling down. The short-term target on the downside is at 100.50.