LME Lead: Exit Long On The Rise
LME Lead - (Price figures in $/Ton)
Exit long on the 1737-1792 as the opportunity arises.
Expect lower range of 1683-1628 to be tested.
Objective remains to exit long till the lower top of 1896 is not crossed.
Overall movement will be within the band of 1555 to 1896.
Oscillation around DRV is likely to be seen.
Weekly Levels For LME Lead
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribute
|
1709
|
1756
|
DOWN
|
1755
|
24.03
|
1628
|
1683
|
1712
|
1737
|
1792
|
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.