Report for Date: 17/07/2017
MCX Natural Gas July 2017 Weekly: Further Weakness Is Below 183
MCX Natural Gas (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can revise down the stop loss to 202.10.
Support is at 184-183.
Sell on fall below 183 with high of the week as the stop loss or 192.3 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
192.30
|
199.96
|
DOWN
|
193.7
|
2.06
|
174.9
|
186.3
|
191.7
|
197.7
|
209.1
|
*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
|
|
192.3
|
3.8
|
307620000
|
-8.0
|
4418
|
-22.3
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
45.77
|
8.96
|
28.83
|
47.68
|
-3.48
|
-6.17
|
38.86
|
18.71
|
.png)
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.
0 Comments 
Post Comment 
