Friday, 12 April 2013

ALUMINIUM TREND FOR TODAY- 13-April-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 oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 100.Resistance for the Aluminium is 102-103-104-106-108-109-
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 103.8 or hold with stop at 100.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 101.7 with a stop at 99.4 Below 98.8 go for sell
Intraday Resistance of ALUMINIUM are 100.9/101.5/102.5/105.8/108.7/113.7/116.6/122/127.6
Intraday Support of ALUMINIUM are 99.6/99/98/96.2/93.4/88.9/86.4/81.8/77.4

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