Report For Date 23/11/2015
Aluminum Alloy LME- (Price figures in $/Ton)
Exit long on the rise from 1571 to 1597 as the opportunity arises.
Expect lower range of 1557-1518 to be tested.
Support could be seen at lower range.
Recovery from lower range can happen.
Stochastic exit the oversold zone which suggest minor rise to higher range of 1600-1
645 may be seen.
Weekly Levels For LME Aluminum Alloy
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
1571
|
1695
|
DOWN
|
1965
|
19.12
|
1518
|
1557
|
1584
|
1597
|
1636
|
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.