NCDEX Refined Soya Oil August 2017 Weekly: Band 654-636

Report For Date 17/07/2017

NCDEX Refined Soya Oil: (Price are in INR (Rs)/10kg)

Yet another doji was formed last week which suggest that range of 2 week that is 654 to 636 can be critical for near term.

The DRV is flat and horizontal which suggest that next directional movement is outside the band.

Traders can buy above 654 with low of the week as stop loss or 643 whichever is lower.

Traders can sell on fall below 636 with high of the week as the stop loss or 643 whichever is higher.


TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.