MCX Gold October Weekly: Expect Higher Range To Be Tested 26 Sep 2016 10:43 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 26/09/2016 MCX Gold October Weekly: Expect Higher Range To Be Tested MCX Gold (Price figures below are in Rs/INR per Kg) Traders long can maintain the stop loss at 30500. Weaker opening and correction 31184-30989 can be used for buying with a stop loss of 30500. Correction resumes below 30500. Subsequently expect DRV 29948 or below to be tested. Accumulation in physical as futures price dips to 28410 and 27970 as and when the opportunity arises. Expect higher range of 31528-32067. TREND INFORMATION WITH WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 31332.00 29988.81 UP 29131.0 8.04 30450 30989 31184 31528 32067 *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 31332.0 1.7 47606000 -12.3 7293 -2.7 Positive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 59.60 7.21 57.39 54.13 620.89 -2.83 56.53 12.32 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.   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 Domestic Weekly Technical Analysis MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...