REPORT For Date 16/04/2018
CZCE Cotton No.1 Sept'18 : Volatility In The Band Continues
Yuan per ton
Sideways volatility has been witnessed for last many weeks without any directional movement.
Bollinger Lower Band was tested 2 weeks back and last week was higher low and higher high indicating swing bottom.
Upside limited to DRV-15382 and to Bollinger Upper Band which is at 15758.
Overall price wise band is 15120 to 16040.
Volatility spike being witnessed in the band 15120 to 16040.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
-
|
15330.0
|
15382.1
|
DOWN
|
15290.0
|
30.03
|
15042
|
15232
|
15323
|
15422
|
15612
|
*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
|
|
15330.0
|
0.9
|
595658
|
21.7
|
310360
|
4.1
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
44.75
|
9.88
|
16.03
|
39.25
|
-46.96
|
-16.19
|
47.33
|
1.90
|
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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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