ALUMINIUM TREND FOR TODAY- 05-Dec-2013

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 Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 106.Resistance for the Aluminium is 109-111-113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy if close above 109.25 closing below 106.15 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 109.5 with a stop at 107.7 Below 107.3 go for sell and put stop at 109.1
Intraday Resistance of ALUMINIUM are 109.3 : 110 : 113.7 : 115.9 : 119.1 : 122.3 : 124.6 : 126.9
Intraday Support of ALUMINIUM are 107.5 : 106.8 : 103.3 : 101.2 : 98.2 : 95.4 : 93.3 : 91.3

 

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