Report For Date 29/06/2015
Nickel LME- (Price figures in $/Ton)
Exit long and distribute at higher range of 12496-12590-12685.
Expect lower range of 12400-12115 to be tested.
Down trend say it all which suggests exiting long and generating supply on the rise.
Weekly Level for LME Nickel
STRATEGY
|
CLOSE
|
DRV
|
TREND
|
Trend Price
|
Trend Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Distribution
|
12495
|
14034
|
DOWN
|
16335
|
12.12
|
12115
|
12400
|
12590
|
12685
|
12970
|
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.