Friday, 15 February 2013

ALUMINIUM TREND FOR TODAY-16-FEB-2013


Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Aluminium Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 113-112-111-110-. Immediate resistance for Aluminium is 116

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 117 with stop at 111.75 The Aluminium is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 117 with a stop at 115.1 Below 114.6 go for sell and put stop at 116.5
Intraday Resistance of ALUMINIUM are 116.8/117.6/120.7/123.8/129.1/132.2/138/143.9
Intraday Support of ALUMINIUM are 114.8/114/110.4/107.5/102.6/99.9/95/90.2

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1 comments :

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