Wednesday 8 January 2014

ALUMINIUM TREND FOR TODAY- 08-Jan-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 108-.Resistance for the Aluminium is 110-111-112-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position The Aluminium is not giving any clear signal So buy only if close above112.2 and sell below 108.1 The oscillator is showing SELL signal
Intraday Trend-The Aluminium closed in a confusion manner So buy for intraday only above 110 with a stop at 108.8 If opens below 108.8 or trade below 108.6 be cautious or go for sell with stop at 109.8
Intraday Resistance of ALUMINIUM are 109.8 : 110.2 : 114.6 : 116.8 : 120 : 123.2 : 125.5 : 127.9
Intraday Support of ALUMINIUM are 108.8 : 108.4 : 104.1 : 102 : 99.1 : 96.2 : 94.2 : 92.2

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