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MCX Crude Oil September 2017: Accumulate

19 Sep 2017 10:53 am
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Report for Date: 18/09/2017


MCX Crude
Oil September 2017: Accumulate

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

Cover short position at 3238 or below.

Accumulate at 3191-3107 with a stop loss of 3060.

Expect higher range of 3321-3535 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 3238.00 3169.91 UP 3238.0 15.09 2893 3107 3191 3321 3535

*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
3238.0 4.7 2847100 75.6 4174 181.6 Positive Addition Long
TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
53.76 13.40 56.33 39.46 -34.75 29.35 60.42 32.85














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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