Report For Date 17/10/2016
LME Aluminum - (Price figures in $/Ton)
Accumulate on correction to 1681-1677 as the opportunity arises.
Expect 1689-1701 to be tested.
Breakout and close above 1690 is essential to show near term rally.
INTRA-Week LEVELS FOR Aluminum LME
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Accumulate
|
1685.00
|
1603.68
|
UP
|
1638
|
23.09
|
1665
|
1677
|
1681
|
1689
|
1701
|
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.