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LME Nickel: Exit long on the rise

8 May 2017 12:20 pm
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Report For Date 08/05/2017

LME Nickel: Exit long on the rise

Nickel LME- (Price figures in $/Ton)

Exit long on rise from 8935-9302 as the opportunity arises.

Expect lower range of 8752-8202 to be tested.

Weekly Level for LME Nickel

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Distribution

8935.0

9852.1

DOWN

9920

24.03

8202

8752

9118

9302

9852

Weekly Chart

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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