LME Nickel: Expect Lower Range To Be Tested

Report For Date 24/08/2015

Nickel LME- (Price figures in $/Ton)

Exit long and distribute at higher range of 10110-10410 as the opportunity arises.

Expect lower range of 9960-9510 to be tested.

On the weekly chart trend is down.

As per monthly chart, expect 9650 to 9374 to be tested and can be used to cover short position.

Weekly Level for LME Nickel

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Distribution	10110	11842	DOWN	16335.00	12.12	9510	9960	10260	10410	10860

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.