REPORT For Date 28/01/2019
Yuan per ton
Resistance will be at 15425-15525.
Further rise is above 15525 closing.
Breakout and close above 15525 with bullish candle can show a rally to 16046.
Exit long and sell on rise from 15210-15425 with a stop loss of 15525.
Expect lower range of 15050-14675.
Re-enter long if close is above 15525.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15210.00
|
15419.68
|
DOWN
|
N/A
|
N/A
|
14675
|
15050
|
15265
|
15425
|
15800
|
*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
|
|
15210.0
|
-0.4
|
1045552.0
|
23.8
|
421880.0
|
1.9
|
Indecisive
|
Addition long/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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