Report for Date: 27/09/2016
MCX Aluminum June Weekly: Expect Higher Range To Be Tested
MCX Aluminum (Price figures below are in Rs/INR per Kg)
Expect resistance at 110.5-113.1.
Traders long and holding the same can maintain the stop loss at 107.
Resistance will be at 110.5-111.70.
Further rise can continue on rise and close above 112.
If that happens then expect a rally to 118-121.90-125.60.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
109.15
|
104.66
|
UP
|
105
|
10.06
|
105.2
|
107.8
|
109.1
|
110.5
|
113.1
|
*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
|
109.2
|
1.0
|
157220000
|
-29.7
|
3203
|
-3.7
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
58.37
|
2.83
|
74.16
|
69.34
|
0.98
|
36.29
|
44.89
|
-1.17
|
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.