Report for Date: 24/04/2017
MCX Crude Oil May 2017 : Exit Long On The Rise
(Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 3244 to 3399 with a stop loss of 3514.
Expect lower range of 3160-2921 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
3244.00
|
3364.50
|
DOWN
|
3244.0
|
21.04
|
2921
|
3160
|
3314
|
3399
|
3638
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
3244.0
|
-6.2
|
7432800
|
456.7
|
1002
|
-57.7
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.84
|
-15.47
|
56.59
|
2.14
|
0.13
|
-99.15
|
36.14
|
-27.47
|
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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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