REPORT For Date 12/11/2018
Yuan per ton
In Side Week bar pattern has been formed which suggest the next directional movement will be outside 2 week high and low.
The 2 weeks high and low are 15215-14735.
Traders short and holding the same can maintain the stop loss at 15215.
Sell is below 14735 with high of the week as the stop loss or 15215.
Reversal from down movement phase can be marked if sustained breakout and close above 15215 is witnessed.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15015.0
|
15350.2
|
DOWN
|
N/A
|
N/A
|
14483
|
14833
|
15002
|
15183
|
15533
|
*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
|
|
15015.0
|
-0.4
|
758764.0
|
-5.8
|
347428.0
|
-4.5
|
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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