The Aluminum is bearish for medium-long term .Currently Aluminum is in strong downtrend and the trend is supported with good volume the open interest is not increasing with trend. The Aluminum is now trading in oversold level. The oscillator is showing sell signal for short term Aluminum is in sell position and closed above 1 week high with volume signals up breakout. Immediate support for Aluminum is 128.Resistance for the Aluminum is 133. Aluminum closed above 1 week high with volume signals up breakout Currently Aluminum is in hold long position Aluminum is in sideways and sellers was at high so for short term better buy above 132.5 or hold with stop at 128.4 The next resistance will be at 133. The oscillator is showing buy signal.
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