Thursday 28 November 2013

ALUMINIUM TREND FOR TODAY- 28-Nov-2013

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory 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 107.Resistance for the Aluminium is 109-110-112-113-114-

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 109.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 108.1 with a stop at 106.4 Below 106 go for sell
Intraday Resistance of ALUMINIUM are 107.8 : 108.5 : 112.3 : 114.5 : 117.6 : 120.8 : 123.1 : 125.5
Intraday Support of ALUMINIUM are 106.3 : 105.6 : 101.9 : 99.8 : 97 : 94.1 : 92.1 : 90.1

 

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