ALUMINIUM TREND FOR TODAY- 17-Aug-2013

Aluminium is in perfect uptrend .Currently Aluminium is in strong uptrend 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 Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 112-111-108-107-105-. Immediate resistance for Aluminium is 120

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium has crossed the high so for short term better buy above 121.4 with stop at 111.15 Yesterday the up movement was with volume this also confirm an up break out The Aluminium is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy above 121.4 and keep stop below 117.6 Target is 123.2 next 126 Below 115.9 trend reversal can occur and next level is 113
Intraday Resistance of ALUMINIUM are 121 : 122.5 : 125.1 : 127.4 : 130.7 : 134 : 136.5 : 138.9
Intraday Support of ALUMINIUM are 118 : 116.5 : 113.9 : 111.9 : 108.8 : 105.8 : 103.7 : 101.6

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