Sunday, 7 July 2013

ALUMINIUM TREND FOR TODAY- 08-July-2013

Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend with good momentum and the trend is supported with good volume 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 The current position is BUY .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 SHORT position Aluminium is in sideways so for short term better buy above 109.4 with stop at 106.4 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 108.5 with a stop at 106.8 Below 106.4 go for sell and put stop at 108.1
Intraday Resistance of ALUMINIUM are 108.2 : 108.9 : 112.7 : 114.9 : 118.1 : 121.3 : 123.6 : 125.9
Intraday Support of ALUMINIUM are 106.7 : 106 : 102.3 : 100.2 : 97.3 : 94.5 : 92.5 : 90.5

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