Thursday 9 January 2014

ALUMINIUM TREND FOR TODAY- 09-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 SELL 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 SELL position Aluminium is in down trend so buy above 110.0 The sell will again come if below 108.1 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 109.5 with a stop at 108.3 Below 108 go for sell
Intraday Resistance of ALUMINIUM are 109.2 : 109.7 : 114 : 116.3 : 119.4 : 122.6 : 125 : 127.3
Intraday Support of ALUMINIUM are 108.3 : 107.8 : 103.6 : 101.5 : 98.6 : 95.7 : 93.7 : 91.7

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