Thursday 20 February 2014

ALUMINIUM TREND FOR TODAY- 21-Feb-2014

Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend but volume is unsatisfactory 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 106-.Resistance for the Aluminium is 109-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position The Aluminium is not giving any clear signal So buy only if close above108.7 and sell below 104.6 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend-The Aluminium closed in a confusion manner So buy for intraday only above 108.5 with a stop at 107.2 If opens below 107.2 or trade below 106.9 be cautious or go for sell with stop at 108.2
Intraday Resistance of ALUMINIUM are 108.3 : 108.8 : 113 : 115.2 : 118.3 : 121.5 : 123.8 : 126.2
Intraday Support of ALUMINIUM are 107.1 : 106.6 : 102.6 : 100.5 : 97.6 : 94.7 : 92.7 : 90.7
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