LME Copper: Use Rise To Exit Long

Report For Date 24/08/2015

LME Copper - (Price figures in $/Ton)

Exit long on rise from 5164-5371 range as the opportunity arises.

Expect lower range of 4957-4750 to be tested.

Pullback to resistance can happen.

WEEK LEVELS FOR LME COPPER

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Distribute	5095	5434	DOWN	6088.50	29.05	4750	4957	5026	5164	5371

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.