Thursday, 6 June 2013

ALUMINIUM TREND FOR TODAY- 06-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 . In last few days lot of positive accumulation happened in the Aluminium. The oscillator is showing BUY signal For short term The current position is BUY 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 112
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 108 The Aluminium is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 112.6 with a stop at 109.9 Below 109.2 go for sell with a stop at 111.9
Intraday Resistance of ALUMINIUM are 112.2 : 113.2 : 116.2 : 118.5 : 121.7 : 124.9 : 127.3 : 129.6
Intraday Support of ALUMINIUM are 109.6 : 108.6 : 105.7 : 103.6 : 100.6 : 97.7 : 95.7 : 93.6
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