Monday 11 March 2013

ALUMINIUM TREND FOR TODAY-12-March-2013


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. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Aluminium is 104.Resistance for the Aluminium is 107-110-111-

Short term and Intraday Level of ALUMINIUM

Aluminium and closed below 1 week low with volume signals down breakoutCurrently 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 in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 105.8 with a stop at 104.4 Below 104 go for sell
Intraday Resistance of ALUMINIUM are 105.8/106.6/109.9/112.9/118/120.9/126.5/132.1
Intraday Support of ALUMINIUM are 104/103.2/100.1/97.3/92.7/90.2/85.5/80.9

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