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Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is on BUY Signal and Aluminium is recovering from oversold level For short term Aluminium is in HOLD LONG position and closed above 1 week high with volume signals up breakout.
Aluminium Support and Resistance Levels :-
Positionally Support for the Aluminium is 105-.Resistance for the Aluminium is 107-108
