Friday, 17 May 2013

ALUMINIUM TREND FOR TODAY- 18-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 showing some Up momentum So buy above 101.0 with stop at 99.1 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 102.8 with a stop at 100.5 Below 99.9 go for sell and put stop at 102.2
Intraday Resistance of ALUMINIUM are 102 : 102.5 : 106.3 : 108.5 : 111.6 : 114.7 : 116.9 : 119.2
Intraday Support of ALUMINIUM are 100.7 : 100.2 : 96.3 : 94.3 : 91.4 : 88.7 : 86.7 : 84.8

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