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CZCE Cotton No.1 Septí18: Exit Long On The Rise

9 Jun 2018 10:50 am
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REPORT For Date 11/06/2018

Yuan per ton


Exit long and sell on rise from 17263 or above.

Resistance will be at 17263-17942.

The recent high is at 18365.

A large bearish candle has been formed which suggest that further rise is above 18365.

Upside is locked till 18365 is not crossed on closing and till such time rise if any from 16855-17942 is to exit long and take profits.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

16855.00

16154.86

UP

15405.0

20.04

14412

16177

17263

17942

19707


*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

16855.0

-5.5

1434536.0

-37.2

335178.0

-13.9

Negative

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

62.05

-23.57

70.36

-16.14

337.72

9.40

67.69

-25.33











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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