MCX Silver March 2018 Weekly: Lower Range Is To Cover Short Position 18 Dec 2017 1:35 pm   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 18/12/2017 MCX Silver March 2018 Weekly: Lower Range Is To Cover Short Position MCX Silver (Price figures below are in Rs/INR per Kg) Traders short and holding the same can maintain the stop loss of 37850. Last week was high wave indecisive candle which indicates that further fall can continue below 36700. Lower range for the week can be 36735-35859. Resistance will be at 37611-37850. Pullback rise can resume on rise and weekly close above 37850. Last bottom was at 35460. Lower range can be used to cover short position even as trend may remain down and traders may maintain a stop loss at 37850. TREND INFORMATION WITH WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 - 37205.00 39416.89 DOWN 39877.0 20.10 35859 36735 37142 37611 38487 *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 37205.0 0.4 1864980 45.2 22783 1.4 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 39.38 2.43 10.20 -22.17 -451.74 -29.37 36.36 22.10 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...