ALUMINIUM TREND FOR TODAY- 04-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Aluminium Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is 104.Resistance for the Aluminium is 107-108-109-110-

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 107.0 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 105.4 with a stop at 103.1 Below 102.4 go for sell
Intraday Resistance of ALUMINIUM are 105.2 : 106.2 : 109.1 : 111.2 : 114.3 : 117.5 : 119.8 : 122
Intraday Support of ALUMINIUM are 102.6 : 101.6 : 98.9 : 96.8 : 94 : 91.2 : 89.2 : 87.2

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