Report For Date 16/01/2017
LME Nickel: Exit Long On The Rise
Nickel LME- (Price figures in $/Ton)
Exit long on the rise from 10385-10860 as the opportunity arises.
Expect lower range of9910-9434 to be tested.
Upside movement can resume above 11735 closing.
Weekly Level for LME Nickel
|
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Distribution
|
10115.0
|
10249.5
|
DOWN
|
10010
|
30.12
|
9435
|
9910
|
10180
|
10385
|
10860
|
Weekly Chart
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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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