Thursday, 9 May 2013

ALUMINIUM TREND FOR TODAY- 10-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above104 or buy with strict stop at 97. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 101-100-.Resistance for the Aluminium is 105-106-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 103.8 or hold with stop at 99.9 The next resistance will be at 103.15 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 103.8 with a stop at 101.3 Below 100.6 go for sell and put stop at 103.1
Intraday Resistance of ALUMINIUM are 102.9 : 103.4 : 107.4 : 109.5 : 112.6 : 115.7 : 118 : 120.2
Intraday Support of ALUMINIUM are 101.5 : 101 : 97.2 : 95.2 : 92.4 : 89.6 : 87.6 : 85.7

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