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 112-113-114-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is showing some Up momentum So buy above 110.0 with stop at 108.15 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 111.7 with a stop at 109.9 Below 109.4 go for sell and put stop at 111.2
Intraday Resistance of ALUMINIUM are 111.4 : 112.1 : 115.9 : 118.1 : 121.3 : 124.5 : 126.9 : 129.2
Intraday Support of ALUMINIUM are 109.7 : 109 : 105.4 : 103.2 : 100.3 : 97.4 : 95.3 : 93.3
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