Report for Date: 20/03/2017
MCX Crude Oil March 2017 April: Further Weakness Is Below 3163
(Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 3304.
Cover short position at 3245 or below as the opportunity arises.
Sell on fall below 3163 with high of the week as the stop loss or 3304 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
3245.00
|
3403.67
|
DOWN
|
3282.0
|
10.03
|
3044
|
3174
|
3234
|
3304
|
3434
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
3245.0
|
-1.1
|
3627700
|
51.1
|
7442
|
146.3
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
42.08
|
-2.86
|
14.34
|
-44.36
|
59.21
|
-33.19
|
30.72
|
-8.16
|
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.