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LME Copper: Exit Long On The Rise

6 Mar 2017 4:21 pm
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Report For Date 06/03/2017

LME Copper - (Price figures in $/Ton)

Lower range of 5867-5737 can be tested.

Accumulate at lower levels at DRV-5430 or below as the opportunity arises.

Further rise is above 6145.

Exit long on rise from 5910 to 6145 as the opportunity arises.

WEEK LEVELS FOR LME COPPER

STRATEGY

CLOSE

DRV

TREND

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Exit long

5910.00

5430.47

UP

4787

28.10

5737

5867

5953

5997

6127

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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