Thursday 30 January 2014

ALUMINIUM TREND FOR TODAY- 31-Jan-2014

Aluminium is bearish for medium-long term.Currently Aluminium is showing some down move and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Aluminium is 105.Resistance for the Aluminium is 108-109-110-
Short term and Intraday Level of ALUMINIUM
Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in HOLD SHORT position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below104 Buy if above 109.05 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 106.6 with a stop at 104.5 Below 104 go for sell
Intraday Resistance of ALUMINIUM are 106.4 : 107.4 : 110.5 : 112.7 : 115.8 : 119 : 121.3 : 123.6
Intraday Support of ALUMINIUM are 104.2 : 103.2 : 100.2 : 98.2 : 95.3 : 92.5 : 90.5 : 88.5

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