ALUMINIUM TREND FOR TODAY-22-JAN-2013

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELLposition.Positionally Immediate support for Aluminium is 108.Resistance for the Aluminium is 109-110-111-112-113-

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 110.0 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 108.8 with a stop at 107.6 Below 107.3 go for sell
Intraday Resistance of ALUMINIUM are 108.7/109.3/113.4/116.4/121.6/124.5/130.2/135.9
Intraday Support of ALUMINIUM are 107.4/106.8/103.4/100.6/95.9/93.3/88.5/83.9

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