Wednesday 16 January 2013

ALUMINIUM TREND FOR TODAY-17-JAN-2013


Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Aluminium. The oscillator is showing SELL signal For short term Aluminium is inHOLD SHORT position.Positionally Support for the Aluminium is 110-109-.Resistance for the Aluminium is 113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 112.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 111.6 with a stop at 110.3 Below 110 go for sell
Intraday Resistance of ALUMINIUM are 111.4/112/115.9/119/124.2/127.2/132.9/138.7
Intraday Support of ALUMINIUM are 110.2/109.6/105.8/103/98.2/95.6/90.8/86.1

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