ALUMINIUM TREND FOR TODAY- 05-Aug-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 . In last few days lot of positive accumulation happened in the Aluminium 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 107-106-104-. Immediate resistance for Aluminium is 110

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 108 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 110.9 with a stop at 108.3 Below 107.6 go for sell with stop at 110.2
Intraday Resistance of ALUMINIUM are 109.4 : 109.5 : 114.5 : 116.8 : 120 : 123.2 : 125.5 : 127.8
Intraday Support of ALUMINIUM are 109.1 : 109 : 104.1 : 102 : 99 : 96.2 : 94.1 : 92.1

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