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 HOLD SHORT position.Positionally Immediate support for Aluminium is 110.Resistance for the Aluminium is 112-113-114-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below109.9 Buy if above 113.9 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 111.2 with a stop at 110.1 Below 109.9 go for sell
Intraday Resistance of ALUMINIUM are 110.9 : 111.2 : 115.9 : 118.1 : 121.3 : 124.5 : 126.9 : 129.2
Intraday Support of ALUMINIUM are 110.2 : 109.9 : 105.4 : 103.2 : 100.3 : 97.4 : 95.3 : 93.3
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