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LME Aluminum Alloy: Exit Long On The Rise

8 Aug 2016 2:19 pm
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Report For Date 08/08/2016


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

Exit long on rise from 1573-1608 as the opportunity arises.


Expect lower range of 1538-1503 to be tested.


Lower range can be used to cover short position.


Weekly Levels For LME Aluminum Alloy


STRATEGY

CLOSE

DRV

TREND

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Distribution

1555.00

1558.21

DOWN

1965

19.12

1503

1538

1557

1573

1608





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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