REPORT For Date 24/12/2018
Yuan per ton
Traders short and holding the same can maintain the stop loss at 15525.
Resistance will be at 15380-15525.
Lower range for the week can be 15105-15050.
Sell is below 15050 with high of the week as the stop loss or 15225 whichever is higher.
Broadly till 15050 is not violated objective remains to cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15225.0
|
15662.1
|
DOWN
|
N/A
|
N/A
|
14830
|
15105
|
15260
|
15380
|
15655
|
*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
|
|
15225.0
|
-0.6
|
740794.0
|
23.0
|
331986.0
|
2.0
|
Negative
|
Addition Short
|
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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