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LME Zinc: Sideways Movement Around Drv

8 May 2017 12:15 pm
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Report For Date 08/05/2017

LME Zinc: Sideways Movement Around Drv

LME Zinc - (Price figures in $/Ton)

Exit long on rise from 2577 or above.

Resistance will be at 256-2621.

Expect lower range of 2552-2482 to be tested.

Sideways volatility around DRV is likely to happen.

Weekly Levels For LME Zinc

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Distribution

2577.0

2586.2

DOWN

2577

5.05

2482

2552

2596

2621

2691




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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