Report for Date: 15/10/2018
MCX Natural Gas (Price figures below are in Rs/INR per Kg)
Long legged doji after a strong rise has been witnessed which account for resistance at higher range till the peak of 251 is not crossed on closing.
Resistance will be at 239-246.
Lower range can be 227-207.
Traders can exit long on rise from 234-246 range as the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
234.2
|
207.1
|
UP
|
196.5
|
3.08
|
207
|
227
|
239
|
246
|
266
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
234.2
|
0.6
|
364355008.0
|
55.7
|
3472.0
|
-18.7
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
70.61
|
0.79
|
73.06
|
-9.25
|
8.62
|
19.05
|
76.01
|
0.39
|
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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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