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MCX Silver September 2018 Weekly: Trend Is Still Down

6 Aug 2018 9:09 am
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Report for Date: 06/08/2018


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


Traders short and holding the same can maintain the stop loss at 38691.

Resistance will be at 38082-38427.

Lower range can be 37726-37025


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

38072.00

39203.30

DOWN

39046.0

13.07

37025

37726

38082

38427

39128


*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

38072.0

-0.7

2238510.0

15.4

25115.0

6.8

Indecisive

Addition long/Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

42.66

-3.16

19.10

-1.02

-100.09

-634.76

18.96

-13.22







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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