Tuesday, 7 May 2013

ALUMINIUM TREND FOR TODAY- 07-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 100-.Resistance for the Aluminium is 102-103-105-107-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 101.7 with stop at 96.65 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 101.7 with a stop at 100.4 Below 100.1 go for sell and put stop at 101.4
Intraday Resistance of ALUMINIUM are 101.4 : 101.9 : 105.9 : 111.1 : 116.5 : 121.9 : 127.5 : 133.2
Intraday Support of ALUMINIUM are 100.4 : 99.9 : 95.9 : 91 : 86.3 : 81.8 : 77.3 : 73

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