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LME Zinc: Further rise is above 2843

7 Aug 2017 2:15 pm
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Report For Date 07/08/2017

LME Zinc - (Price figures in $/Ton)

Accumulate at DRV-2651 or below as the opportunity arises. Resistance is at 2805-2843-2971.

Further rise is above 2843 and 2971.

Lower range for the week can be 2767-2717.

Lower range can also be used for accumulation.



Weekly Levels For LME Zinc

STRATEGY

CLOSE

DRV

TREND

Trend Price

Trend Date

L1

L2

CP

L3

L4

Accumulate

2798.0

2651.2

UP

2725

23.06

2717

2767

2785

2817

2867






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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