Thursday 21 February 2013

ALUMINIUM TREND FOR TODAY-22-FEB-2013


Aluminium is in long- short-medium- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 111-.Resistance for the Aluminium is 113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below110.7 Buy if above 116.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 112.5 with a stop at 111 Below 110.7 go for sell
Intraday Resistance of ALUMINIUM are 112.3/112.8/116.7/119.8/125/128/133.7/139.6
Intraday Support of ALUMINIUM are 110.9/110.4/106.6/103.7/98.9/96.3/91.5/86.8

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1 comments :

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