Monday 15 July 2013

ALUMINIUM TREND FOR TODAY- 16-July-2013

Aluminium is in long- term bull phase .Currently Aluminium is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position and Aluminium closed below 1 week low with volume signals down breakout.Positionally Support for the Aluminium is 104-.Resistance for the Aluminium is 106-107-
Short term and Intraday Level of ALUMINIUM
Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy only above 109.2 or hold with stop at 105.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 107.8 with a stop at 104.2 Below 103.1 go for sell
Intraday Resistance of ALUMINIUM are 106.5 : 107.6 : 109.4 : 110.6 : 112.8 : 116 : 119.1 : 121.4 : 123.7
Intraday Support of ALUMINIUM are 104.4 : 103.3 : 101.5 : 100.4 : 98.3 : 95.4 : 92.6 : 90.6 : 88.6

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