Tuesday, 5 November 2013

ALUMINIUM TREND FOR TODAY- 06-Nov-2013

Aluminium is bearish for medium-long term .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 oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 111.Resistance for the Aluminium is 113-114-

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 below110.8 Buy if above 115.1 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 113 with a stop at 111.2 Below 110.8 go for sell
Intraday Resistance of ALUMINIUM are 112.8 : 113.5 : 117.3 : 119.5 : 122.7 : 126 : 128.3 : 130.7
Intraday Support of ALUMINIUM are 111 : 110.3 : 106.7 : 104.5 : 101.6 : 98.7 : 96.6 : 94.6

 

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1 comments :

  1. Aluminium today price is 33.75 so how can i invest my money with alluminium.Free intraday tips for today

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