Report For Date 26/09/2016
LME Zinc: Higher Range Can Attract Profit Booking
LME Zinc - (Price figures in $/Ton)
Exit long and book profits at higher range of 2306-2385.
Near term correction to 2227-2148 can happen.
Weekly Levels For LME Zinc
|
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Book profits
|
2271.5
|
2130.7
|
UP
|
1716
|
5.02
|
2148
|
2227
|
2261
|
2306
|
2385
|
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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