Thursday, 9 May 2013

ALUMINIUM TREND FOR TODAY- 09-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Aluminium is 101-100-.Resistance for the Aluminium is 105-106-
Short term and Intraday Level of ALUMINIUM
Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 100 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 104 with a stop at 101.5 Below 100.8 go for sell with a stop at 103.3
Intraday Resistance of ALUMINIUM are 103.8 : 104.9 : 107.2 : 109.4 : 112.4 : 115.6 : 117.8 : 120.1
Intraday Support of ALUMINIUM are 101 : 99.9 : 97.1 : 95.1 : 92.2 : 89.5 : 87.5 : 85.6

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