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LME Zinc: Sideways Movement Around Drv

22 May 2017 10:41 am
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Report For Date 22/05/2017

LME Zinc: Sideways Movement Around Drv

LME Zinc - (Price figures in $/Ton)

Exit long on rise to 2605-2712 as the opportunity arises.

Lower range can be at 2498-2391.

Downside momentum is below 2462.

Weekly Levels For LME Zinc

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Distribution

2569.0

2584.1

DOWN

2577

5.05

2391

2498

2533

2605

2712





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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