MCX Gold February 2017 Weekly: Cover Short Position

Report for Date: 02/01/2017

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

Cover short position at 27445 or below as the opportunity arises.

Expect higher range of 27747-28465 to be tested.

Further weakness is below 26862.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	27445.0	28718.5	DOWN	29396.0	11.11	26311	27029	27332	27747	28465

*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
27445.0	1.7	27023000	-11.3	6538	-0.5	Positive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
34.83	17.26	13.64	179.16	-673.54	-7.22	36.22	22.52

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.