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 . 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 108.Resistance for the Aluminium is 111-112-113-114-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 110.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 110.3 with a stop at 108.4 Below 108 go for sell
Intraday Resistance of ALUMINIUM are 110 : 110.8 : 114.4 : 116.6 : 119.8 : 123 : 125.3 : 127.7
Intraday Support of ALUMINIUM are 108.2 : 107.4 : 103.9 : 101.8 : 98.9 : 96 : 94 : 92
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