Report For Date 27/02/2017
LME Nickel: Higher Range Is For Distribution
Nickel LME- (Price figures in $/Ton)
Accumulate at DRV-10128 or below as the opportunity arises.
Resistance is at 10938-11348 and can be used for distribution.
Weekly Level for LME Nickel
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Accumulate
|
10680.0
|
10128.2
|
UP
|
10160
|
3.02
|
10118
|
10528
|
10787
|
10938
|
11348
|
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.