MCX Natural Gas January 2017 Weekly: Cover short position

Report for Date: 08/01/2018

MCX Natural Gas January 2017 Weekly: Cover short position

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

Cover short position at 177.1 or below as the opportunity arises.

Resistance will be at 183-191.

Support is at 164.70.

Downside momentum is below 164.70.

Upside momentum will resume above 197.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	177.1	194.0	DOWN	180.0	8.12	147	169	183	191	213

*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
177.1	-6.6	609983744	40.9	24129	144.8	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
45.29	-8.83	34.46	47.41	-4.23	-10.96	42.93	-16.86

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.