Aluminium is bearish for medium-long term.Currently Aluminium is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. For short term Aluminium is in HOLD SHORTposition.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 HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 113.9 or hold with stop at 111.35 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 113.3 with a stop at 110.8 Below 110.1 go for sell
Intraday Resistance of ALUMINIUM are 113 : 114 : 117 : 119.3 : 122.5 : 125.8 : 128.1 : 130.5
Intraday Support of ALUMINIUM are 110.4 : 109.4 : 106.5 : 104.3 : 101.4 : 98.5 : 96.4 : 94.4
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