Report For Date 04/07/2017
Nickel LME- (Price figures in $/Ton)
Cover short position at 8905 or below.
Expect a rise towards 8990-9210.
Weakness is below 9000.
Weekly Level for LME Nickel
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
8905.0
|
9494.7
|
DOWN
|
9920
|
24.03
|
8550
|
8770
|
8855
|
8990
|
9210
|
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.