Thursday, 23 January 2014

ALUMINIUM TREND FOR TODAY- 23-Jan-2014

Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above112 or buy with strict stop at 106. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 106.Resistance for the Aluminium is 109-110-111-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below106.6 Buy if above 110.35 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 109.2 with a stop at 107.2 Below 106.6 go for sell
Intraday Resistance of ALUMINIUM are 109 : 109.9 : 113.2 : 115.4 : 118.5 : 121.7 : 124 : 126.4
Intraday Support of ALUMINIUM are 106.8 : 105.9 : 102.8 : 100.7 : 97.8 : 94.9 : 92.9 : 90.9

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