Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Zinc February 2018 Weekly: Expect Near Term Correction

12 Feb 2018 12:12 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 12/02/2018


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

Exit long on rise from 218.15-225.70.

Further rise is above 230 closing.

Expect lower range of 213.6-201.5 to be tested.

Correction to DRV-204.2 can be used for accumulation with a stop loss of 198.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

218.15

204.22

UP

174.4

23.06

201.5

213.6

221.2

225.7

237.8



*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

218.2

-3.6

601835008

23.3

8392

-19.3

Negative

Unwinding



TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

69.12

4.25

87.38

-6.71

7.70

7.21

60.53

5.50









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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
Weekly: Soybean Prices Likely To Stay In Higher Range
Technical:Chana- Chickpeas Indore -Attempt Of Near Term...
Technical:Pigeon Pea (Tur) Akola Bilty last cose -Sidew...
Weekly: RBD Palmolein Likely To Trade Higher Next Week ...
Weekly: White Pea, Urad Remain Firm This Week; Other Pu...
Copyright © CC Commodity Info Services LLP. All rights reserved.