Thursday, 16 May 2013

ALUMINIUM TREND FOR TODAY- 16-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position and Aluminium closed below 1 week low with volume signals down breakout.Positionally Immediate support for Aluminium is 99.Resistance for the Aluminium is 101-102-104-106-
Short term and Intraday Level of ALUMINIUM
Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 102.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 101.5 with a stop at 99.5 Below 98.9 go for sell
Intraday Resistance of ALUMINIUM are 101.4 : 102.4 : 105.3 : 107.4 : 110.5 : 113.5 : 115.8 : 118
Intraday Support of ALUMINIUM are 99 : 98 : 95.3 : 93.2 : 90.4 : 87.7 : 85.7 : 83.8

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