Thursday, 6 February 2014

ALUMINIUM TREND FOR TODAY- 06-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory 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 106-107-108-109-110-
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 106.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 106.2 with a stop at 104.5 Below 104.1 go for sell and put stop at 105.8
Intraday Resistance of ALUMINIUM are 105.9 : 106.5 : 110.3 : 112.5 : 115.7 : 118.8 : 121.1 : 123.4
Intraday Support of ALUMINIUM are 104.4 : 103.8 : 100.1 : 98 : 95.1 : 92.3 : 90.3 : 88.4

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