Report for Date: 22/01/2018
MCX Copper February 2017 Weekly: Movement To Be In Band 472-423
MCX COPPER (Price figures below are in Rs/INR per Kg)
Exit long on rise from 450 to 472 range as the opportunity arises.
Further rise is above 472 closing.
Correction towards DRV-427.9 can be witnessed.
Volatility between 472 and 423 could be witnessed.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
450.5
|
427.9
|
UP
|
373.8
|
23.06
|
433
|
446
|
454
|
459
|
471
|
*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
|
|
450.5
|
-0.6
|
167493008
|
10.2
|
12282
|
0.2
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
57.63
|
-2.26
|
52.20
|
-25.33
|
12.45
|
-5.78
|
52.55
|
3.56
|
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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