Sunday, 24 February 2013

ALUMINIUM TREND FOR TODAY-25-FEB-2013


Aluminium is bearish for medium-long term.Currently Aluminium is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 109.Resistance for the Aluminium is 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 111.0 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 109.7 with a stop at 109 Below 108.9 go for sell and put stop at 109.6
Intraday Resistance of ALUMINIUM are 109.5/109.6/114.3/117.3/122.5/125.5/131.1/136.9
Intraday Support of ALUMINIUM are 109.1/109/104.3/101.4/96.7/94.1/89.3/84.7

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