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 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 has formed a new 5 day low yesterday but failed to keep the trend so
if selling has to considered better below99.2 Buy if above 103.8 The Aluminium
is now trading is approaching oversold level. The oscillator is showing SELL
signal
Intraday Trend- Buy is advised above 101.5 with a stop at 99.7 Below 99.2 go for sell
Intraday Resistance of ALUMINIUM are 101.3/102.1/105.4/108.3/113.3/116.2/121.6/127.2
Intraday Support of ALUMINIUM are 99.4/98.6/95.8/93.1/88.5/86.1/81.5/77
Intraday Trend- Buy is advised above 101.5 with a stop at 99.7 Below 99.2 go for sell
Intraday Resistance of ALUMINIUM are 101.3/102.1/105.4/108.3/113.3/116.2/121.6/127.2
Intraday Support of ALUMINIUM are 99.4/98.6/95.8/93.1/88.5/86.1/81.5/77
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