Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum 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 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 112-113-115-
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 113.6 with stop at 110.65 The Aluminium is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 112.7 with a stop at 110 Below 109.3 go for sell
Intraday Resistance of ALUMINIUM are 112.5 : 113.7 : 116.3 : 118.6 : 121.8 : 125 : 127.4 : 129.7
Intraday Support of ALUMINIUM are 109.5 : 108.3 : 105.8 : 103.7 : 100.7 : 97.8 : 95.8 : 93.7
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