Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Crude Oil January 2018: Lower Range Is To Cover Short Position

31 Dec 2018 9:58 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 31/12/2018



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


Cover short position at 3185 or below as the opportunity arises.

Expect higher range of 3308-3589 to be tested.

Weakness is below 2732.

The last bottom was 2732 and the demand zone attached to it is 2900-2732.

Lower range can attract support and the same must be used to cover short position as the opportunity arises.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3185.00

3988.06

DOWN

4609.0

2.11

2746

3027

3151

3308

3589


*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

3185.0

-1.6

98156696.0

-7.3

22603.0

-6.8

Indecisive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

28.39

-1.87

16.38

-20.63

-311.16

-18.53

20.59

-0.43












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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
WEEKLY: Selling Pressure In Cardamom May Appear At Exis...
WEEKLY: Uptrend May Continue In Coriander Prices
WEEKLY: Jeera Prices Likely To Remain Firm On Export De...
Technical: Turmeric Nizambad-Swing Bottom Appears To B...
Technical: Black Pepper-Garbled Kochi- Expect Support ...
Copyright © CC Commodity Info Services LLP. All rights reserved.