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MCX Lead October 2017 Weekly: Exit Long On The Rise

9 Oct 2017 12:27 pm
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Report for Date: 09/10/2017


MCX Lead October 2017 Weekly:
Exit Long On The Rise

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

Traders by chance long and holding the same can maintain the stop loss of 170.

Resistance will be at 166.8-170.2-177.90.

Expect lower range of 162.5-154.8 to be tested.

Further rally can continue if weekly close is above 176 with bullish candle.

TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Exit Long On Rise 165.90 148.7 UP 150.5 15.09 154.8 162.5 166.8 170.2 177.9

*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
165.9 0.8 340584992 6.9 4076 72.3 Indecisive Unwinding

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
65.97 1.25 90.89 14.07 4.20 23.87 69.82 1.17






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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