Report For Date 23/05/2016
LME Aluminum - (Price figures in $/Ton)
Exit long on rise to 1570-1604 as the opportunity arises.
Expect lower range of 1536-1502 to be tested.
Sideways volatility and oscillation around DRV can happen in near term.
INTRA-Week LEVELS FOR Aluminum LME
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Unwinding
Sideways Volatility
|
1559.00
|
1571.74
|
DOWN
|
1529
|
13.05
|
1502
|
1536
|
1548
|
1570
|
1604
|
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.