Monday, 17 February 2014

ALUMINIUM TREND FOR TODAY- 18-Feb-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 above109 or buy with strict stop at 104. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 104.Resistance for the Aluminium is 107-108-110-
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 105 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 106.4 with a stop at 104.6 Below 104.1 go for sell with stop at 105.9
Intraday Resistance of ALUMINIUM are 106.2 : 107 : 110.4 : 112.6 : 115.8 : 118.9 : 121.2 : 123.5
Intraday Support of ALUMINIUM are 104.3 : 103.5 : 100.2 : 98.1 : 95.2 : 92.4 : 90.4 : 88.5

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