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CZCE Cotton No.1 January’19: Exit Long On The Rise

29 Sep 2018 2:11 pm
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REPORT For Date 01/10/2018


Yuan per ton


Traders short and holding the same can maintain the stop loss at 16111.

Exit long and sell on rise from 15645-15427 with a stop loss of 16111.

Expect lower range of 15427-14867 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

15645

15645

DOWN

N/A

N/A

14867

15427

15768

15987

16547


*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.


PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

15645.0

-2.9

827720.0

-34.1

402934.0

-7.6

Negative

Unwinding











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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