Report For Date: 16/04/2018
MCX Mentha Oil April: Expect Higher Range To Be Tested
MCX Mentha Oil (Price are in INR )
In Bar on weekly chart has been formed with a doji.
Traders long and holding the same can maintain the stop loss at 1338.
Expect higher range of 1454-1545 to be tested.
Bollinger Bands are contracting.
Bollinger Upper Band and Lower Band are placed at 1585 and 1226.
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
1407.8
|
1405.8
|
UP
|
1474.9
|
28.03
|
1273
|
1364
|
1410
|
1454
|
1545
|
*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 -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
1407.8
|
-0.8
|
1495080
|
-42.8
|
1041
|
-6.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
49.86
|
-1.00
|
76.78
|
-9.48
|
-4.94
|
5.26
|
50.31
|
0.12
|
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.