Report for Date: 19/11/2018
MCX Gold December 2018 Weekly: Further Weakness Is Below 30600
MCX Gold (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss of 31170.
Support will be at 30927-30685.
Cover short position at 31007 or below as the opportunity arises.
Further weakness is below 30600.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
31007.0
|
30960.9
|
UP
|
30129.0
|
31.08
|
30121
|
30685
|
30927
|
31249
|
31813
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
31007.0
|
0.0
|
37464000.0
|
27.7
|
9173.0
|
-5.7
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
45.35
|
13.58
|
56.85
|
-14.92
|
-14.20
|
8.56
|
26.20
|
70.10
|
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.