REPORT For Date 05/11/2018
Yuan per ton
Long Legged Doji on weekly chart suggest a likely halt to the fall that has been witnessed for last few week.
Traders short and holding the same can revise down the stop loss to 15425.
Cover short position 15180 or below.
Resistance will be at 15345-15425.
The low registered was 14735 and further weakness is below 14735.
Sell is below 14735 or cover short position till 14735 is not violated.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15100.00
|
15503.56
|
DOWN
|
N/A
|
N/A
|
14525
|
14935
|
15180
|
15345
|
15755
|
*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
|
|
15070.0
|
-0.2
|
805608.0
|
2.8
|
363986.0
|
-10.4
|
Indecisive
|
Unwinding
|
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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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