MCX Lead February 2017 Weekly: Exit Long On The Rise

Report for Date: 20/02/2017

MCX Lead February 2017 Weekly: Exit Long On The Rise

MCX Lead (Price figures below are in Rs/INR per Kg)

Exit long on rise from 153.4 to 161.7 as the opportunity arises.

Lower range for the week can be 148.5-135.40.

A close above 165.2 can resume the upside momentum and till then objective remains to exit long.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	153.4	139.5	UP	140.6	6.01	135.4	148.5	156.8	161.7	174.8

*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
153.4	-4.9	282169984	-11.1	3035	28.1	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
57.03	-11.03	67.23	-15.41	6.86	-5.13	58.51	-20.34

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.