Report For Date 08/05/2017
LME Lead: Band of movement 1985 -2466
LME Lead - (Price figures in $/Ton)
Exit long on rise from 2190-2234 as the opportunity arises.
Resistance will be at 2234-2307.
Expect lower range of 2161-2088 to be tested.
Weekly Levels For LME Lead
|
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Distribution
|
2190.00
|
2130.75
|
UP
|
2221
|
13.01
|
2088
|
2161
|
2206
|
2234
|
2307
|
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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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