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MCX Aluminum June 2018 Weekly: Expect Higher Range To Be Tested

9 Jun 2018 11:51 am
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Report for Date: 11/06/2018


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


Traders by chance long and holding the same can maintain the stop loss at 145.

Higher range is at 159-163.

Support will be at 156.9-154.90.

Exit long and take profits at higher level of 165 or above if the opportunity arises.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

156.9

142.9

UP

150

13.04

150.8

154.9

156.9

159.0

163.1


*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

156.9

1.1

245904992.0

52.3

3364.0

4.1

Positive

Addition Long


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

59.86

1.82

42.51

23.60

5.13

3.38

67.41

4.00







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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