LME Copper: Accumulate

Report For Date 31/07/2017

LME Copper - (Price figures in $/Ton)

Resistance will be at 6026-6098.

Further rally is above 6450 closing.

Rise to 6405-6450 can be seen.

Weaker will resume below 6000.

Accumulate at 6203-6080 as the opportunity arises.

Breakout and close above 6450 can extend the rise towards 6730.

WEEK LEVELS FOR LME COPPER

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Accumulate	6283.00	5665.49	UP	4787	28.10	5755	6080	6203	6405	6730

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.