Report for Date: 19/11/2018
MCX Crude Oil December 2018: Correction Continues
(Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 4109-4413 with a stop loss of 4513.
Expect lower range of 3904-3395 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4109.00
|
4713.62
|
DOWN
|
4633.00
|
2.11
|
3395
|
3904
|
4209
|
4413
|
4922
|
*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
|
|
4109.0
|
-6.5
|
2089240.0
|
391.3
|
25088.0
|
198.0
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
36.47
|
-11.67
|
5.70
|
-11.66
|
40.56
|
-62.07
|
19.97
|
-13.96
|
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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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