TradingView has announced expansion of its coverage of the London Metal Exchange (LME), giving its users access to a wider range of instruments for deeper analysis.
TradingView users can now go beyond standard futures to explore cash instruments, N-month contracts, and other extra data, helping them to better understand the commodity markets.
Founded in 1877, the London Metal Exchange is the world’s leading marketplace for trading base, ferrous, and precious metals. Besides handling derivatives trading, it also enables physical delivery of commodities through a global network of warehouses. For traders and investors, LME plays a crucial role in hedging their portfolios against the risk of metal price fluctuations.
Up until now, our LME coverage was limited to common futures and the LME Index. With the latest update, traders can access spot (cash) contracts with delivery on the next day, like these lead futures, and N-month futures (3, 15, 27 months, and beyond) such as 3-month lead futures.
Moreover, TradingView users now have access to additional data, such as the lead warehouse stats that track the lead metal held in approved warehouses of the exchange, generally reflecting the inventory levels of physical lead eligible for settlement. A falling value may indicate tightening supply or increasing demand, so together with other newly added data, it can become a valuable addition to market analysis.
To explore the full list of the newly added data, simply open the Symbol Search on TradingView and type the “LME:” prefix.
The TradingView platform connects to hundreds of data feeds, with direct access to 2,019,615 instruments from all over the world.
