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LME Aluminum Alloy: Sideways Movement Witnessed

9 Jan 2017 2:12 pm
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Report For Date 09/01/2017

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

Trend is down and sideways.


Band of movement is 1490-1590.


Weekly Levels For LME Aluminum Alloy

STRATEGY

CLOSE

DRV

TREND

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Distribution

1545.00

1562.60

DOWN

1550

23.12

1538

1543

1547

1548

1553






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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