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 108-111-113-
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 in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 108.3 with a stop at 106.2 Below 105.6 go for sell
Intraday Resistance of ALUMINIUM are 108 : 109 : 112.2 : 114.4 : 117.5 : 120.7 : 123 : 125.3
Intraday Support of ALUMINIUM are 105.9 : 104.9 : 101.8 : 99.8 : 96.9 : 94 : 92 : 90
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