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MCX Lead September 2017 Weekly: Exit Long On The Rise

11 Sep 2017 10:08 am
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Report for Date: 11/09/2017

MCX Lead September 2017 Weekly: Exit Long On The Rise

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



Exit long on rise from 143.75 to 150.4 as the opportunity arises.

Expect lower range of 140.1-129.8 to be tested.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

143.75

144.75

DOWN

143.75

8.09

129.8

140.1

146.8

150.4

160.7


*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

143.8

-5.8

358185024

49.4

3398

60.5

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

48.32

-18.01

20.55

-44.11

1.28

-23.12

42.16

-28.24







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.


       
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