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LME Aluminum Alloy: Use Rise To Exit Long Position

23 May 2016 12:03 pm
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Report For Date 23/05/2016

Aluminum Alloy LME- (Price figures in $/Ton)

Higher range is to exit long to 1540-1554 as the opportunity arises.


Expect lower range of 1526-1512 to be tested.


Weekly Levels For LME Aluminum Alloy


STRATEGY

CLOSE

DRV

TREND

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Distribution

1535.00

1598.81

DOWN

1965

19.12

1512

1526

1530

1540

1554





Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.


       
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