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LME Tin: Profit Booking At Higher Range

26 Sep 2016 1:15 pm
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Report For Date 26/09/2016


LME Tin: Profit Booking At Higher Range

LME TIN - (Price figures in $/Ton)

Correction can resume on fall and close below 19125.


Tin is attempting to show a breakout above the Fan Lines.

Failure to provide the breakout can lead to a fall below 19125.

Expect higher range of 19834-20164 to be tested and can be looking at opportunity to take profits.

Alternatively, hold long position with a stop loss of 19125.

WEEK LEVELS FOR LME TIN
STRATEGY CLOSE DRV TREND Trend Price Trend Date L1 L2 CP L3 L4
Profit booking 19725.0 18112.1 UP 16545 3.06 19175 19505 19615 19835 20165


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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