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 .. The Aluminium is now trading in oversold level. For short term Aluminium is in SELLposition.Positionally Immediate support for Aluminium is 106.Resistance for the Aluminium is 109-110-111-112-113-
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 108.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 110.2 with a stop at 107.3 Below 106.5 go for sell and put stop at 109.4
Intraday Resistance of ALUMINIUM are 109.1 : 109.7 : 113.6 : 115.8 : 119 : 122.2 : 124.5 : 126.9
Intraday Support of ALUMINIUM are 107.6 : 107 : 103.2 : 101.1 : 98.2 : 95.3 : 93.3 : 91.3
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