Wednesday, 19 February 2014

ALUMINIUM TREND FOR TODAY- 20-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 106-105-.Resistance for the Aluminium is 109-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 108.8 or hold with stop at 104.6 The next resistance will be at 108.7 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 108.8 with a stop at 107.2 Below 106.8 go for sell and put stop at 108.4
Intraday Resistance of ALUMINIUM are 108.6 : 109.2 : 113.1 : 115.3 : 118.4 : 121.6 : 123.9 : 126.3
Intraday Support of ALUMINIUM are 107 : 106.4 : 102.7 : 100.6 : 97.7 : 94.8 : 92.8 : 90.8
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