Monday, 27 May 2013

ALUMINIUM TREND FOR TODAY- 28-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 .. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 101-.Resistance for the Aluminium is 102-103-105-
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 below100.5 Buy if above 103.5 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 101.6 with a stop at 100.7 Below 100.5 go for sell
Intraday Resistance of ALUMINIUM are 101.4 : 101.6 : 106.1 : 108.3 : 111.4 : 114.5 : 116.7 : 118.9
Intraday Support of ALUMINIUM are 100.7 : 100.5 : 96.1 : 94.1 : 91.2 : 88.5 : 86.5 : 84.6

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