Friday, 7 June 2013

ALUMINIUM TREND FOR TODAY- 07-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 .Positionally Support for the Aluminium is 107-105-103-102-. Immediate resistance for Aluminium is 112
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so either sell of or keep stop at109 so better sell and enter at lower level The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 110.8 with a stop at 108.5 Below 107.9 go for sell
Intraday Resistance of ALUMINIUM are 110.6 : 111.6 : 114.6 : 116.9 : 120.1 : 123.3 : 125.6 : 127.9
Intraday Support of ALUMINIUM are 108.1 : 107.1 : 104.2 : 102.1 : 99.1 : 96.3 : 94.2 : 92.2
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