Report for Date: 22/05/017
MCX Lead May 2017 Weekly: Further Weakness Is Below 132
MCX Lead (Price figures below are in Rs/INR per Kg)
Cover short position at 135.7 or below as the opportunity arises.
Expect higher range of 138-143 to be tested.
Sell is below 132 with high of the week as the stop loss or 136 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
135.70
|
141.65
|
DOWN
|
140.45
|
5.05
|
127.6
|
132.8
|
135.2
|
138.1
|
143.3
|
*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
|
135.7
|
-0.4
|
364110016
|
13.2
|
2952
|
25.8
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
41.96
|
-1.08
|
19.43
|
-43.29
|
-0.63
|
-1126.83
|
40.86
|
1.41
|
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.