Monday, 2 September 2013

ALUMINIUM TREND FOR TODAY- 02-Sep-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 .. The oscillator is on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 121-120-116-111-110-108-. Immediate resistance for Aluminium is 131
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways so for short term better buy above 130.0 with stop at 117.25 The oscillator is showing SELL signal
Intraday Trend- Buy above 123.8 and keep stop below 120.4 Target is 125.3 next 127.8 Below 118.9 trend reversal can occur and next level is 116.4
Intraday Resistance of ALUMINIUM are 123.6 : 125.1 : 127.5 : 130 : 133.4 : 136.8 : 139.2 : 141.7
Intraday Support of ALUMINIUM are 120.6 : 119.1 : 116.7 : 114.4 : 111.3 : 108.2 : 106.1 : 104

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