Report For Date 28/11/2016
LME Lead: Expect Higher Range To Be Tested
LME Lead - (Price figures in $/Ton)
Accumulate at 2258-2214 as the opportunity arises.
Expect 2346-2578 to be tested.
On the monthly chart, a trend line breakout is visible and can lead to a rally to 2905 at least in time to come.
Weekly Levels For LME Lead
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Accumulate
|
2302.00
|
1983.85
|
UP
|
1815
|
1.07
|
2082
|
2214
|
2258
|
2346
|
2478
|
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.