MCX Zinc December 2017 Weekly: Further Rise Is Above 219

Report for Date: 04/12/2017

MCX Zinc December 2017 Weekly: Further Rise Is Above 219

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

Traders by chance long and holding the same can maintain the stop loss at 199.

Expect higher range of 213.6-223.1 to be tested.

Further rise is above 219 and traders can look for rise to take profits.

Re-enter long on rise and close 219.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	210.00	196.29	UP	174.4	23.06	194.5	204.0	207.6	213.6	223.1

*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
210.0	0.1	267310016	1157.9	6760	175.5	Indecisive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
61.49	-0.84	54.00	-10.71	8.18	-3.49	53.33	3.07

Report for Date: 04/12/2017

MCX Zinc December 2017 Weekly: Further Rise Is Above 219

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

Traders by chance long and holding the same can maintain the stop loss at 199.

Expect higher range of 213.6-223.1 to be tested.

Further rise is above 219 and traders can look for rise to take profits.

Re-enter long on rise and close 219.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	210.00	196.29	UP	174.4

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