LME Lead: Expect Higher Range To Be Tested

Report For Date 1/2/2016

LME Lead - (Price figures in $/Ton)

Expect higher range of 1739-1822 to be tested.

Cover short position if any at 1712 or below.

Downside momentum can continue on fall and weekly close below 1593.

Breakout and close above 1802 can confirm the W pattern breakout on weekly closing line chart.

Weekly Levels For LME Lead

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Cover short	1712	1746	DOWN	1647	8.01	1573	1656	1684	1739	1822

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.