LME Aluminum: Exit Long On The Rise
LME Aluminum - (Price figures in $/Ton)
Exit long on rise to 1561-1588 as the opportunity arises.
Lower range of 1534-1507 can be tested.
Expect sideways movement and oscillation around the DRV.
INTRA-Week LEVELS FOR Aluminum LME
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
1552.00
|
1571.08
|
DOWN
|
1529
|
13.05
|
1507
|
1534
|
1544
|
1561
|
1588
|
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.