ALUMINIUM TREND FOR TODAY- 15-May-2013

Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 97.Resistance for the Aluminium is 102-104-106-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below99.7 Buy if above 103.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 102.4 with a stop at 100.3 Below 99.7 go for sell
Intraday Resistance of ALUMINIUM are 101.7 : 102.2 : 106.2 : 108.3 : 111.4 : 114.5 : 116.7 : 119
Intraday Support of ALUMINIUM are 100.4 : 99.9 : 96.1 : 94.1 : 91.3 : 88.5 : 86.6 : 84.7

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