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LME Nickel: Exit long on the rise

17 Apr 2017 6:08 pm
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Report For Date 17/04/2017

LME Nickel: Exit long on the rise

Nickel LME- (Price figures in $/Ton)

Exit long on rise from 9695-9965 as the opportunity arises.

Expect lower range of 9560-9155 to be tested.

Weekly Level for LME Nickel

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Distribution

9695.0

10132.0

DOWN

9920

24.03

9155

9560

9830

9965

10370

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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