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MCX Crude Oil August 2018: Further Rise Is Above 4885 on Closing

6 Aug 2018 9:08 am
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Report for Date: 06/08/2018



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



Traders long and holding the same can maintain the stop loss 4305.

Accumulate at 4571-4321 with a stop loss of 4305.

Resistance will be at 4707-4821.

Further rise is above4885.

Pullback rise is above 4885 on closing.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

4686.00

4388.07

UP

3191.0

15.09

4321

4571

4707

4821

5071


*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

4686.0

-0.6

57563800.0

-0.7

8565.0

1.0

Indecisive

Addition long/Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

56.80

-1.61

29.93

-35.54

204.12

-7.69

37.29

-8.00















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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