Friday, 1 March 2013

ALUMINIUM TREND FOR TODAY-02-March-2013

21:28   , , , ,   24 comments


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume 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 109-111-112-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy only above 109.1 or hold with stop at 105.65 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 109 with a stop at 107 Below 106.4 go for sell
Intraday Resistance of ALUMINIUM are 108.6/109.4/112.6/115.6/120.8/123.7/129.3/135.1
Intraday Support of ALUMINIUM are 106.8/106/102.7/99.8/95.1/92.6/87.8/83.2
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