ALUMINIUM TREND FOR TODAY- 16-Aug-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 . Cautious point is buying at higer levels seems decreasing. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 111-110-108-107-105-. Immediate resistance for Aluminium is 114

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so hold with stop at 112 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 114.9 with a stop at 113.4 Below 113.1 go for sell and put stop at 114.6
Intraday Resistance of ALUMINIUM are 114.7 : 115.3 : 119.4 : 121.7 : 124.9 : 128.2 : 130.6 : 133
Intraday Support of ALUMINIUM are 113.3 : 112.7 : 108.7 : 106.6 : 103.6 : 100.6 : 98.5 : 96.5

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