Report For Date 11/04/2017
LME Zinc: Distribution To Be Witnessed
LME Zinc - (Price figures in $/Ton)
Exit long on rise from 2561 or above.
Resistance will be at 2594-2626-2723.
Expect lower range of 2529-2432 to be tested.
Weekly Levels For LME Zinc
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
2561.5
|
2584.1
|
DOWN
|
2562
|
13.04
|
2432
|
2529
|
2594
|
2626
|
2723
|
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.