ALUMINIUM TREND FOR TODAY- 17-Dec-2013

Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 108-.Resistance for the Aluminium is 109-111-113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so better sell and enter at lower level The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 110.2 with a stop at 108.1 Below 107.6 go for sell
Intraday Resistance of ALUMINIUM are 109.8 : 110.6 : 114.2 : 116.4 : 119.6 : 122.8 : 125.1 : 127.5
Intraday Support of ALUMINIUM are 108 : 107.2 : 103.7 : 101.6 : 98.7 : 95.8 : 93.8 : 91.8

 

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