Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong 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 LONG position.Positionally Support for the Aluminium is 109-108-.Resistance for the Aluminium is 111-112-113-
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 110.7 with stop at 106.7 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 110.7 with a stop at 109.4 Below 109.1 go for sell
Intraday Resistance of ALUMINIUM are 110.5 : 111 : 115.2 : 117.4 : 120.6 : 123.9 : 126.2 : 128.5
Intraday Support of ALUMINIUM are 109.3 : 108.8 : 104.7 : 102.6 : 99.7 : 96.8 : 94.7 : 92.7
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