Monday, 3 June 2013

ALUMINIUM TREND FOR TODAY- 04-Jun-2013

Aluminium is in perfect uptrend .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 The current position isBUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Aluminium is 105-104-103-102-. Immediate resistance for Aluminium is 109
Short term and Intraday Level of ALUMINIUM
Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position In short term Aluminium is in strong up trend so hold with stop at 107 Very Short term investor please cautious on Aluminium as it is moving with low volatality The Aluminium is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 109.3 with a stop at 106.9 Below 106.3 go for sell with a stop at 108.7
Intraday Resistance of ALUMINIUM are 109.1 : 110.1 : 113.1 : 115.3 : 118.4 : 121.6 : 123.9 : 126.3
Intraday Support of ALUMINIUM are 106.5 : 105.5 : 102.7 : 100.6 : 97.7 : 94.8 : 92.8 : 90.8

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