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MCX Crude Oil March 2018 Weekly: Accumulate

26 Feb 2018 11:19 am
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Report for Date: 26/02/2018



MCX Crude
Oil March 2018 Weekly: Accumulate

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

Traders long and holding the same can maintain the stop loss at 3737.

Expect higher range of 4190-4270 to be tested.

Support will be at 4076-4010

Further rally will continue above 4271.

Higher range of 4190-4370 can be used to exit long and take profits.

Weaker opening and correction first to 4076-4010 can be used for buying with a stop loss of 3737.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 4125.00 3789.23 UP 3191.0 15.09 3830 4010 4076 4190 4370

*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 is lower.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position
4125.0 4.6 63241800 -12.4 16053 485.4 Positive Addition Long

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
62.95 3.82 88.54 4.83 10.84 7.69 60.10 27.16














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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