REPORT For Date 9/04/2018
Yuan per ton
Trend line breakdown has been witnessed with bearish candle.
Traders short and already holding the same can maintain the stop loss at 14900.
The support bottom is at 14650.
A fall and close below 14650 can lead to slide further.
Exit long and sell on rise from 14725-14855 with a stop loss of 14900.
In the event of a fall and weekly close below 14650 with bearish candle expect a slide towards 14273.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
14725.00
|
15006.05
|
DOWN
|
14980.0
|
16.03
|
14405
|
14630
|
14760
|
14855
|
15080
|
*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
14725.0
|
-1.0
|
131444
|
-65.9
|
-
|
-
|
Negative
|
-
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
38.02
|
-7.13
|
11.90
|
-29.65
|
-98.96
|
-24.65
|
44.86
|
-9.36
|
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.