ALUMINIUM TREND FOR TODAY- 19-Jun-2013

Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is 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 105-104-103-.Resistance for the Aluminium is 107-108-

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 The Aluminium is now trading is approaching oversold level. The oscillator is on BUY Signal and Aluminium is recovering from oversold level
Intraday Trend- Buy is advised only above 107.4 with a stop at 106 Below 105.6 go for sell and put stop at 107
Intraday Resistance of ALUMINIUM are 107.1 : 107.6 : 111.7 : 113.9 : 117.1 : 120.2 : 122.5 : 124.9
Intraday Support of ALUMINIUM are 105.9 : 105.4 : 101.4 : 99.3 : 96.4 : 93.6 : 91.6 : 89.6

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