Thursday 17 January 2013

ALUMINIUM TREND FOR TODAY-18-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 Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Support for the Aluminium is 109-.Resistance for the Aluminium is 112-113-

Short term and Intraday Level of ALUMINIUM

Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below108.3 Buy if above 114.45 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 110.7 with a stop at 108.8 Below 108.3 go for sell
Intraday Resistance of ALUMINIUM are 110.3/111/114.9/117.9/123.1/126.1/131.8/137.6
Intraday Support of ALUMINIUM are 108.7/108/104.8/102/97.2/94.6/89.8/85.2
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