ALUMINIUM TREND FOR TODAY- 05-July-2013

Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONGposition.Positionally Support for the Aluminium is 106-105-104-. Immediate resistance for Aluminium is 109

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position The Aluminium is not giving any clear signal So buy only if close above109.4 and sell below 104.55 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend-The Aluminium closed in a confusion manner So buy for intraday only above 108.3 with a stop at 107 If opens below 107 or trade below 106.7 be cautious or go for sell with stop at 108
Intraday Resistance of ALUMINIUM are 108 : 108.5 : 112.7 : 115 : 118.1 : 121.3 : 123.6 : 125.9
Intraday Support of ALUMINIUM are 107 : 106.5 : 102.4 : 100.3 : 97.4 : 94.5 : 92.5 : 90.5

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