ALUMINIUM TREND FOR TODAY- 23-May-2013

Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong and 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 LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for the Aluminium is 102-101-.Resistance for the Aluminium is 105-

Short term and Intraday Level of ALUMINIUM

Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 104.2 or hold with stop at 100.1 The next resistance will be at 103.5 The Aluminium is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 104.2 with a stop at 102.8 Below 102.5 go for sell and put stop at 103.9
Intraday Resistance of ALUMINIUM are 104.3 : 105.1 : 108 : 110.2 : 113.3 : 116.4 : 118.6 : 120.9
Intraday Support of ALUMINIUM are 102.4 : 101.6 : 97.9 : 95.8 : 93 : 90.2 : 88.2 : 86.3

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