Tuesday 18 February 2014

ALUMINIUM TREND FOR TODAY- 19-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Aluminium is 106-105-.Resistance for the Aluminium is 108-109-
Short term and Intraday Level of ALUMINIUM
Aluminium closed above 1 week high with volume signals up breakoutCurrently Aluminium is in HOLD LONG position Aluminium has crossed the 5 day high but the trend was not strong and sellers was at high so for short term better buy above 109.1 with stop at 104.6 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised only above 109.1 with a stop at 106.3 Below 105.6 go for sell and put stop at 108.4
Intraday Resistance of ALUMINIUM are 108.9 : 110.2 : 112.6 : 114.8 : 118 : 121.1 : 123.5 : 125.8
Intraday Support of ALUMINIUM are 105.8 : 104.5 : 102.2 : 100.1 : 97.2 : 94.4 : 92.4 : 90.4
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