Tuesday 16 July 2013

ALUMINIUM TREND FOR TODAY- 17-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 SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 104-.Resistance for the Aluminium is 106-107-
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 below104.1 Buy if above 109.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 106.3 with a stop at 104.6 Below 104.1 go for sell
Intraday Resistance of ALUMINIUM are 106.1 : 106.8 : 110.4 : 112.6 : 115.7 : 118.9 : 121.1 : 123.4
Intraday Support of ALUMINIUM are 104.3 : 103.6 : 100.1 : 98.1 : 95.2 : 92.4 : 90.4 : 88.4
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