ALUMINIUM TREND FOR TODAY-19-March-2013

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum 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 Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Aluminium is 103.Resistance for the Aluminium is 105-106-108-109-111-

Short term and Intraday Level of ALUMINIUM

Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in SELL position The Aluminium is in downtrend For short term buy only if close above 105.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 104.2 with a stop at 102.6 Below 102.2 go for sell
Intraday Resistance of ALUMINIUM are 104.1/104.8/108.5/111.4/116.5/119.4/124.9/130.5
Intraday Support of ALUMINIUM are 102.3/101.6/98.7/95.9/91.3/88.8/84.2/79.7

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