Sunday, 12 May 2013

ALUMINIUM TREND FOR TODAY- 13-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-.Resistance for the Aluminium is 105-106-
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 102 Very Short term investor please cautious on Aluminium as it is moving with low volatality The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 104 with a stop at 101.6 Below 100.9 go for sell with a stop at 103.3
Intraday Resistance of ALUMINIUM are 102.6 : 102.8 : 107.5 : 109.7 : 112.7 : 115.9 : 118.1 : 120.4
Intraday Support of ALUMINIUM are 102.3 : 102.1 : 97.4 : 95.3 : 92.5 : 89.7 : 87.8 : 85.8

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