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MCX Natural Gas January 2018 Weekly: Lower Range Is To Take Profits

31 Dec 2018 9:52 am
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Report for Date: 31/12/2018



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


Exit long and sell on rise from 232-257 with a stop loss of 270.

Expect lower range of 220-183 to be tested and can be sued to take profits.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

232.50

271.23

DOWN

265.4

21.12

183

220

244

257

293


*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

232.5

-12.4

269888736.0

-37.8

2730.0

29.8

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

46.80

-18.04

6.66

-80.15

19.69

-19.14

36.75

-26.00



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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