Wednesday, 20 February 2013

ALUMINIUM TREND FOR TODAY-21-FEB-2013


Aluminium is in long- short-medium- 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 on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD LONG position and Aluminium closed below 1 week low with volume signals down breakout.Positionally Support for the Aluminium is 111-.Resistance for the Aluminium is 113-114-

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 is moving sideways so short term investor better to buy only above 116.2 or hold with stop at 111.25 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 113.3 with a stop at 111.4 Below 110.9 go for sell
Intraday Resistance of ALUMINIUM are 112.7/113.3/114.3/117.4/120.5/125.7/128.7/134.5/140.3
Intraday Support of ALUMINIUM are 111.5/110.9/109.9/107.2/104.4/99.6/96.9/92.1/87.3

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