Report for Date: 13/01/2017
MCX Crude Oil January 2017 Weekly: Correction Can Resume Below 3478 Closing
(Price figures below are in Rs/INR per Kg)
Traders long and holding the same can maintain the stop loss at 3478.
Traders can buy above 3780 with low of the week as the stop loss or 3478 whichever is lower.
Correction can resume on fall and close below 3478.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
3586.00
|
3275.96
|
UP
|
3111.0
|
18.11
|
3289
|
3485
|
3579
|
3681
|
3877
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
3586.0
|
-2.6
|
62957000
|
20.4
|
8536
|
-3.6
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
60.89
|
-6.28
|
75.37
|
-11.85
|
152.75
|
0.96
|
64.10
|
-16.42
|
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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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