MCX Natural Gas July 2017: Higher Range Is To Exit Long 21 Jul 2017 11:22 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 21/07/2017 MCX Natural Gas July 2017: Higher Range Is To Exit Long MCX Natural Gas (Price figures below are in Rs/INR per Kg) Hold long position with a stop loss of 189. Resistance will be at 198-199.5-203.90. Higher range can be used to exit long position. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 196.7 195.9 UP 198.1 18.07 190.7 195.1 198.0 199.5 203.9 *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. PRICE, VOLUME AND OPEN INTEREST STRATEGY Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position 196.7 -0.4 62718752 30.8 4967 -14.7 Negative Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 51.99 -2.18 78.13 -0.95 -0.84 26.02 52.21 -8.55 Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum. 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Turmeric (Jun 24) Bearish Trend / Sell at CMP / Key Re... Coriander (Jun 24) Bearish Trend / Sell at CMP / Key R... Spices Jeera (Jun 24) Neutral Trend / Sell at CMP / K... Spices Jeera (Jun 24) Neutral Trend / Sell at CMP / K... Turmeric (Jun 24) Neutral Trend / Sell on Breakout / K... more Top 5 News Mustard Cake (Jaipur) Inflection Point: Retesting Key ... Kabuli Chana (Indore) Bearish Trend / Next Support at ... Cotton Candy (Jul 24) Bearish Trend / Sell at CMP / Ke... Base Metals Zinc (Jun 24) Neutral Trend / Buy on Brea... Mentha Oil (Jun 24) Bearish Trend / Sell on Rise / Key... Top 5 Special Reports Weekly: ICE Sugar Post Weekly Loss; Rising Brazilian Pr... Weekly: ICE Cotton Record Worst Week On Demand Concern,... US soybean net sales for May 17-23 at 329,400 MT, up 18... US cotton net export sales for May 17-23 at 222,600 RB,... EU Council Approves Steep Tariff Hikes on Russian and B...