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MCX Copper November 2017 Weekly: Further Rise Is Above 467

13 Nov 2017 10:15 am
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Report for Date: 13/11/2017

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

Exit long on rise from 444.40 or above.

Further rise is above 467 and till then exit long on the rise.

Expect lower range of 438-424 to be tested.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

444.40

418.93

UP

373.8

23.06

424

438

446

452

466


*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

444.4

-0.3

171525984

1.3

12252

-4.9

Indecisive

Unwinding



TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

64.80

-1.39

45.01

-26.72

16.61

-2.41

71.17

2.04












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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