Report For Date 27/02/2017
LME Lead: Expect Near Term Decline
LME Lead - (Price figures in $/Ton)
Exit long on rise from 2231-2270 as the opportunity arises.
Accumulate at DRV-2085 or below as the opportunity arises.
Expect lower range of 2211-2152 to be tested.
Weekly Levels For LME Lead
|
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Distribution
|
2231.00
|
2085.19
|
UP
|
2221
|
13.01
|
2152
|
2211
|
2251
|
2270
|
2329
|
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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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