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MCX Crude Oil January 2018: Lower Range Is To Cover Short Position

21 Jan 2019 9:42 am
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Report for Date: 21/01/2019



(Price figures below are in Rs/INR per Kg)


Cover short position at 3827 or below as the opportunity arises.

Expect higher range of 3915-4173 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3827.00

3900.19

DOWN

4609.0

2.11

3399

3657

3746

3915

4173


*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

3827.0

5.4

100119296.0

-20.9

1776.0

-84.8

Positive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

43.79

10.69

72.05

56.14

-302.25

7.38

46.28

14.16





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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