Report for Date: 12/11/2018
(Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 4362-4598 with a stop loss of 4762.
Expect lower range of 4211-3824 to be tested.
Retracement levels of the rise from 2732 to 5669 are at 4525, 4186 and 3850.
The first retracement of 4525 has been violated and now Crude Oil prices will be testing 4186.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4362.00
|
4761.10
|
DOWN
|
4609.0
|
2.11
|
3824
|
4211
|
4448
|
4598
|
4985
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
4362.0
|
-5.4
|
47784800.0
|
-32.1
|
15966.0
|
7.1
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
40.54
|
-10.70
|
6.78
|
-33.24
|
96.45
|
-37.20
|
22.55
|
-20.81
|
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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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