Thursday, 28 February 2013

ALUMINIUM TREND FOR TODAY-01-March-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory 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 SELL position.Positionally Immediate support for Aluminium is 106.Resistance for the Aluminium is 110-111-112-

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 108.0 The Aluminium is now trading is approaching oversold level. The oscillator is on BUY Signal and Aluminium is recovering from oversold level
Intraday Trend- Buy is advised only above 110.5 with a stop at 107.5 Below 106.7 go for sell and put stop at 109.7
Intraday Resistance of ALUMINIUM are 109.4/110.1/113.5/116.5/121.7/124.6/130.3/136
Intraday Support of ALUMINIUM are 107.8/107.1/103.5/100.7/96/93.4/88.6/84

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