LME Copper: Exit Long On The Rise

Exit long on rise to 4881-5067 as the opportunity arises.

Breakout and close above 5103 can show a rally in short term.

Weakness resumes below 4645.

Overall movement for near term to short term is likely to be between 5103 and 4310.

Momentary bias is to test the higher range of 4881 or above.

WEEK LEVELS FOR LME COPPER

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Distribution	4814	4813	UP	4814	15.04	4510	4696	4763	4881	5067

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.