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MCX Lead September 2018 Weekly: Up Move Above 151.7 Closing

10 Sep 2018 9:40 am
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Report for Date 10/09/2018


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


Cover short position at 148.3 or below as the opportunity arises.

Expect higher range of 151.4-157.5 to be tested.

Lower range of 145.4-139.3 can offer support.

Reversal for up move can resume if sustains above 151.70.

Traders can buy if breakout above 151.7 with low of the week as the stop loss or 148 whichever is lower.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

148.3

150.4

DOWN

151.00

13.07

139.3

145.4

148.5

151.4

157.5


*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

148.3

1.4

455329952.0

98.5

1956.0

47.4

Indecisive

Addition Long/Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

43.80

6.61

72.41

50.81

-3.63

4.78

45.69

2.91












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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