Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORTposition.Positionally Support for the Aluminium is 109-108-.Resistance for the Aluminium is 111-113-
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 111.35 with stop at 105.4 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 111.2 with a stop at 109.4 Below 109 go for sell
Intraday Resistance of ALUMINIUM are 111 : 111.7 : 115.4 : 117.7 : 120.8 : 124.1 : 126.4 : 128.8
Intraday Support of ALUMINIUM are 109.2 : 108.5 : 104.9 : 102.8 : 99.9 : 97 : 94.9 : 92.9
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