Friday, 14 June 2013

ALUMINIUM TREND FOR TODAY- 15-Jun-2013

Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is moving sideways The oscillator is on SELL signal and Aluminium is coming down from overbought level and has moved down its previous low and the negative trend is still continuing momentum also points toward negativeness. The oscillator is on SELL signal and Aluminium is coming down from overbought level For short term Aluminium is in HOLD SHORTposition.Positionally Support for the Aluminium is 105-104-103-.Resistance for the Aluminium is 108-109-
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 below104.5 Buy if above 111.95 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 106.6 with a stop at 104.9 Below 104.5 go for sell
Intraday Resistance of ALUMINIUM are 106.4 : 107.1 : 110.7 : 112.9 : 116.1 : 119.2 : 121.5 : 123.8
Intraday Support of ALUMINIUM are 104.7 : 104 : 100.5 : 98.4 : 95.5 : 92.7 : 90.7 : 88.7

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