Report for Date: 26/11/2018
MCX Silver December 2018 Weekly: Near Term Reversal Above 35528 Closing
MCX Silver (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 36309-36842 with a stop loss of 37156.
Expect lower range of 35528-34214 to be tested.
Lower range can be used to cover short position.
Near term reversal is above 35528 closing.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
36061.00
|
38135.18
|
DOWN
|
36880.0
|
9.11
|
34214
|
35528
|
36309
|
36842
|
38156
|
*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
|
|
36061.0
|
-2.5
|
1855680.0
|
-16.0
|
21052.0
|
-19.2
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
35.38
|
-12.14
|
14.82
|
-36.13
|
-400.94
|
-45.23
|
19.77
|
-7.47
|
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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.
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