Aluminium is bearish for medium-long term.Currently Aluminium is showing some down move and trend is strong momentum is also showing strength and 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 Immediate support for Aluminium is 105.Resistance for the Aluminium is 109-110-111-
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 107.5 with a stop at 105.9 Below 105.5 go for sell
Intraday Resistance of ALUMINIUM are 107.1 : 107.7 : 111.7 : 113.9 : 117.1 : 120.2 : 122.5 : 124.9
Intraday Support of ALUMINIUM are 105.9 : 105.3 : 101.4 : 99.3 : 96.4 : 93.6 : 91.6 : 89.6
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Aluminium trading range for the day is 106.6-110.4.
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