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MCX Crude Oil May 2017 : Exit Long On The Rise

22 Apr 2017 2:24 pm
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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









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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