Report For Date 22/05/2017
MCX Crude Palm Oil Weekly June: Accumulate
MCX Crude Palm Oil: (Price are in INR (Rs)/10 kg)
Addition of long position has been witnessed as open interest increased with the rise and positive candle.
Expect higher range of 516-534 to be tested.
Weaker opening and correction first during the week to 504-498 can be used for buying with a stop loss of 492.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
509.60
|
507.51
|
UP
|
509.6
|
19.05
|
479
|
498
|
504
|
516
|
534
|
*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
|
|
509.6
|
3.7
|
71210000
|
33.3
|
3158
|
42.7
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
44.97
|
28.55
|
64.77
|
78.98
|
-12.58
|
8.86
|
63.40
|
37.13
|
.png)
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.
0 Comments 
Post Comment 
