MCX Gold February 2018 Weekly: Cover Short Position

Report for Date: 26/12/2017

MCX Gold February 2018 Weekly: Cover Short Position

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

Cover short position at 28254 or below as the opportunity arises.

Minor pullback towards 28508-28988 is possible.

Expect higher range of 28508-28988 to be tested.

Weakness will continue below 28055.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	28254.0	29155.4	DOWN	29209.0	1.12	27548	28028	28281	28508	28988

*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
28254.0	-1.0	31048000	49.6	7051	7.5	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
38.92	-6.52	13.83	-39.92	-21.32	-135.98	34.37	-0.65

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.