Dear Akshay, U r doing a gud job through this blog with high success rate in ur calls. Heartiest congratulations! I want to know whats the significance of LME inventories report in price of copper Some broker told me if the INventory is -ve then price will rise is it true? Waiting for ur reply
ATTENTION MR SUCHET Thanks for your feed back . LME inventory report does have some impact on the price. But you may see that the impact sometimes stays only for some time and then the other market forces take over. So better to avoid taking a position based only on the inventory. AKSHAYA
3 comments:
Dear Akshay,
U r doing a gud job through this blog with high success rate in ur calls.
Heartiest congratulations!
I want to know whats the significance of LME inventories report in price of copper
Some broker told me if the INventory is -ve then price will rise is it true? Waiting for ur reply
Regards
Suchet Sharma
ATTENTION MR SUCHET
Thanks for your feed back .
LME inventory report does have some impact on the price. But you may see that the impact sometimes stays only for some time and then the other market forces take over.
So better to avoid taking a position based only on the inventory.
AKSHAYA
Thanks for the reply Akshay
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