ALUMINIUM TREND FOR TODAY- 20-Sep-2013

Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 110-.Resistance for the Aluminium is 112-114-117-

Short term and Intraday Level of ALUMINIUM

The Aluminium is in downtrend For short term buy only if close above 112.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 113.1 with a stop at 110.3 Below 109.6 go for sell and put stop at 112.3
Intraday Resistance of ALUMINIUM are 112.8 : 114.1 : 116.6 : 118.9 : 122.1 : 125.3 : 127.7 : 130
Intraday Support of ALUMINIUM are 109.8 : 108.5 : 106.1 : 104 : 101 : 98.1 : 96 : 94

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