ALUMINIUM TREND FOR TODAY- 20-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 114-112-109-108-107-106-. Immediate resistance for Aluminium is 121

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 121 with stop at 112.8 The Aluminium is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 121 with a stop at 118.9 Below 118.3 go for sell and put stop at 120.4
Intraday Resistance of ALUMINIUM are 120.8 : 121.7 : 125.2 : 127.5 : 130.8 : 134.2 : 136.6 : 139.1
Intraday Support of ALUMINIUM are 118.5 : 117.6 : 114.2 : 112 : 109 : 105.9 : 103.8 : 101.7

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