Aluminium is bearish for medium-long term .Currently Aluminium is in downtrend and the trend is supported with good volume 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 110-109-108-.Resistance for the Aluminium is 112-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 110 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 112.6 with a stop at 110.4 Below 109.8 go for sell with a stop at 112
Intraday Resistance of ALUMINIUM are 112.2 : 113 : 116.5 : 118.8 : 122 : 125.2 : 127.6 : 129.9
Intraday Support of ALUMINIUM are 110.2 : 109.4 : 106 : 103.9 : 100.9 : 98 : 95.9 : 93.9
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Aluminium trading range for the day is 107.7-111.9.
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