REPORT For Date 02/07/2018
Yuan per ton
Traders short and holding the same can maintain the stop loss at 16400.
Resistance is at 16043-16277.
Lower range can be 15687-15097.
Reversal could happen if sustains above the open and above 16400 at the end of the week at closing.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15920.0
|
16191.0
|
DOWN
|
16105.0
|
22.06
|
15097
|
15687
|
16043
|
16277
|
16867
|
*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
|
|
15920.0
|
-1.1
|
238332.0
|
-24.2
|
214654.0
|
-12.4
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
49.12
|
-4.40
|
20.22
|
-41.22
|
254.88
|
-16.92
|
42.74
|
-20.53
|
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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