Report For Date 10/04/2017
Nickel LME- (Price figures in $/Ton)
Exit long on rise from 9950-10225 as the opportunity arises.
Expect lower range of 9770-9315 to be tested.
Weekly Level for LME Nickel
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
9950.0
|
10156.5
|
DOWN
|
9920
|
24.03
|
9315
|
9770
|
10045
|
10225
|
10680
|
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.