MCX Gold June 2017 Weekly: Exit Long On The Rise

Report for Date: 19/06/2017

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

Exit long and sell on rise from 28690-28960 with a stop loss of 29087.

Expect lower range of 28548-28136.

Buy above 29087 with low of the week as the stop loss or 28675.

Overall wider band of movement is 29785 and 27907.

The up and down movements will be seen between 29785-27907.

Contraction of movement is likely in near term to short term as Bandwidth is falling.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	28690.0	28829.2	DOWN	28690.0	16.06	28136	28548	28817	28960	29372

*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
28690.0	-1.1	44033000	7.5	4679	1.5	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
48.45	-6.66	63.17	-14.35	-69.93	-0.42	58.33	-28.12

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.