Friday, 17 May 2013

ALUMINIUM TREND FOR TODAY- 17-May-2013


 Aluminium is bearish for medium-long term .Currently Aluminium is in uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 101-.Resistance for the Aluminium is 102-104-106-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways so for short term better buy above 102.75 with stop at 99.1 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 102.1 with a stop at 99.8 Below 99.2 go for sell and put stop at 101.5
Intraday Resistance of ALUMINIUM are 101.3 : 101.9 : 105.4 : 107.5 : 110.6 : 113.7 : 115.9 : 118.2
Intraday Support of ALUMINIUM are 100 : 99.4 : 95.4 : 93.4 : 90.6 : 87.8 : 85.9 : 83.9

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