Report for Date: 27/05/2019
MCX Crude Oil June 2019: Resistance Remains At Higher Range
(Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 4177-4354 with a stop loss of 4475.
Expect lower range of 3894-3434 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4071.00
|
4164.4
|
DOWN
|
4071.0
|
24.05
|
3434.3
|
3894.3
|
4177.7
|
4354.3
|
4814.3
|
*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
|
4071.0
|
-7.8
|
105786896.0
|
-10.2
|
11224.0
|
7.3
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
46.76
|
-17.91
|
25.40
|
-19.57
|
39.85
|
-31.13
|
30.68
|
-38.42
|
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.