ALUMINIUM TREND FOR TODAY- 23-Sep-2013

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 .. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 109.Resistance for the Aluminium is 111-112-113-114-117-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 112.15 or hold with stop at 109.15 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 111.7 with a stop at 109.7 Below 109.2 go for sell
Intraday Resistance of ALUMINIUM are 111.5 : 112.4 : 115.8 : 118 : 121.2 : 124.4 : 126.8 : 129.1
Intraday Support of ALUMINIUM are 109.4 : 108.5 : 105.3 : 103.1 : 100.2 : 97.3 : 95.2 : 93.2

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