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

10 Sep 2018 9:41 am
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Report for Date: 10/09/2018



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


Accumulate at 144.9 or below with a stop loss of 141.

Resistance is at 147.6-150. Traders can buy above 153 with low of the week or 147 whichever is lower.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

147.2

142.4

UP

145

24.08

139.8

144.9

147.6

150.0

155.1


*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

147.2

-1.7

264250000.0

19.4

3149.0

229.7

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

52.52

-5.11

72.36

5.76

0.50

33.75

51.78

-11.60







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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