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LME Nickel: Exit Long On The Rise

7 Feb 2017 10:41 am
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Report For Date 06/02/2017

Nickel LME- (Price figures in $/Ton)

Exit long on the rise from 10515-11380 as the opportunity arises.

Weakness will be seen below 9380.

Weekly Level for LME Nickel

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Distribution

10160.0

10099.1

UP

10160

3.02

8785

9650

10005

10515

11380

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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