ALUMINIUM TREND FOR TODAY-06-FEB-2013

Aluminium is in long- short-medium- short- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONGposition.Positionally Support for the Aluminium is 111-110-109-.Resistance for the Aluminium is 112-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 112.95 with stop at 110.65 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 112.7 with a stop at 110.7 Below 110.2 go for sell
Intraday Resistance of ALUMINIUM are 111.9/112.3/116.7/119.7/125/128/133.7/139.5
Intraday Support of ALUMINIUM are 111/110.6/106.6/103.7/98.9/96.3/91.4/86.7

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