ALUMINIUM TREND FOR TODAY- 18-Jun-2013

Aluminium is in long- medium- term bull phase .Currently Aluminium is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 104-103-.Resistance for the Aluminium is 106-108-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 106.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 106.45 but caution- close Below low5 fresh selling can occur The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 106.6 with a stop at 104.7 Below 104.2 go for sell
Intraday Resistance of ALUMINIUM are 106.4 : 107.2 : 110.6 : 112.8 : 115.9 : 119.1 : 121.4 : 123.7
Intraday Support of ALUMINIUM are 104.4 : 103.6 : 100.3 : 98.3 : 95.4 : 92.6 : 90.6 : 88.6

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