Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 109-108-.Resistance for the Aluminium is 111-113-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways and sellers was at high so for short term better buy above 111.7 or hold with stop at 105.4 The next resistance will be at 109.9 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 111.7 with a stop at 108.4 Below 107.4 go for sell and put stop at 110.7
Intraday Resistance of ALUMINIUM are 111.2 : 112.6 : 114.8 : 117.1 : 120.3 : 123.5 : 125.8 : 128.2
Intraday Support of ALUMINIUM are 107.9 : 106.5 : 104.4 : 102.3 : 99.3 : 96.4 : 94.4 : 92.4
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