Aluminium is bearish for medium-long term .Currently Aluminium is in
strong downtrend and the trend is supported with good volume The open interest
is not increasing with trend . Noting point is selling at lower levels seems
decreasing. The Aluminium is now trading in oversold level. The Aluminium is
now trading in oversold level. The oscillator is showing SELL signal For short
term Aluminium is in SELL position.Positionally
Immediate support for Aluminium is 110.Resistance for the Aluminium is
111-113-114-116-118-
Short
term and Intraday Level of ALUMINIUM
Currently Aluminium is in SELL position Aluminium has formed a new 5 day low yesterday but failed to
keep the trend so if selling has to considered better below109.2 Buy if above
114.3 The Aluminium is now trading in highly oversold level. The Zincmini is
now trading in oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 111.3 with a stop at 109.6 Below 109.2 go for sell
Intraday Resistance of ALUMINIUM are 111.1 : 111.8 : 115.6 : 117.8 : 121 : 124.2 : 126.6 : 128.9
Intraday Support of ALUMINIUM are 109.4 : 108.7 : 105.1 : 102.9 : 100 : 97.1 : 95.1 : 93
Intraday Trend- Buy is advised above 111.3 with a stop at 109.6 Below 109.2 go for sell
Intraday Resistance of ALUMINIUM are 111.1 : 111.8 : 115.6 : 117.8 : 121 : 124.2 : 126.6 : 128.9
Intraday Support of ALUMINIUM are 109.4 : 108.7 : 105.1 : 102.9 : 100 : 97.1 : 95.1 : 93
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