Tuesday, 7 May 2013

ALUMINIUM TREND FOR TODAY- 08-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum 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 101-102-105-107-
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 100 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 102.2 with a stop at 100.4 Below 99.9 go for sell with stop at 101.7
Intraday Resistance of ALUMINIUM are 102 : 102.8 : 106 : 108.1 : 111.2 : 114.3 : 116.5 : 118.7
Intraday Support of ALUMINIUM are 100.1 : 99.3 : 95.9 : 93.9 : 91.1 : 88.3 : 86.4 : 84.4

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