Report For Date 08/05/2017
LME Aluminum: Exit Long On The Rise
LME Aluminum - (Price figures in $/Ton)
Expect correction towards DRV therefore exit long on rise from 1907 or above as the opportunity arises.
Lower range can be at 1904-1895.
Resistance is at 1910-1913-1922.
Exit long till 1922 is not crossed on closing.
INTRA-Week LEVELS FOR Aluminum LME
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
1907.00
|
1836.15
|
UP
|
1638
|
23.09
|
1895
|
1904
|
1910
|
1913
|
1922
|
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