LME Copper: Accumulate At Lower Range

Report For Date 02/01/2017

LME Copper - (Price figures in $/Ton)

Accumulate on correction to 5484-5452 as the opportunity arises.


Higher range for the week can be 5516-5548.

WEEK LEVELS FOR LME COPPER

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Accumulate	5501.00	5218.80	UP	4787	28.10	5452	5484	5499	5516	5548

Monthly Chart

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.