Friday 18 October 2013

ALUMINIUM TREND FOR TODAY- 18-Oct-2013

 Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing SELL signal and has moved down its previous low and the negative trend is still continuing momentum also points toward negativeness. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 111.Resistance for the Aluminium is 112-113-115-

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 113.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 111.9 with a stop at 110.3 Below 109.9 go for sell
Intraday Resistance of ALUMINIUM are 111.7 : 112.4 : 116.2 : 118.5 : 121.7 : 124.9 : 127.3 : 129.6
Intraday Support of ALUMINIUM are 110.1 : 109.4 : 105.7 : 103.6 : 100.6 : 97.7 : 95.7 : 93.6

 

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