Report For Date 20/03/2017
MCX Crude Palm Oil Weekly April: Cover Short Position
MCX Crude Palm Oil: (Price are in INR (Rs)/10 kg)
Trader short and holding the same can revise down the stop loss to 522.
Cover short position at 518.5 or below as the opportunity arises.
Expect higher range of 526-545 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
518.5
|
544.9
|
DOWN
|
549.5
|
17.02
|
487
|
506
|
514
|
526
|
545
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
518.5
|
0.4
|
97120000
|
49.4
|
3217
|
55.2
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
39.78
|
2.84
|
16.24
|
27.91
|
0.13
|
-94.80
|
32.27
|
-0.28
|
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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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