REPORT For Date 11/03/2019
Yuan per ton
Hold long position on contrarian long position with a stop loss of 14950.
Contrarian strategy remains at accumulate at 15153 or below with a stop loss of 14950.
Resistance will be at 15302-15413.
Further rise is above 15665 and till then expect resistance/supply at higher range.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15265.0
|
15402.1
|
DOWN
|
15280.0
|
1.03
|
14893
|
15153
|
15302
|
15413
|
15673
|
*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
|
|
15265.0
|
-0.1
|
1299568.0
|
-12.1
|
421674.0
|
-4.7
|
Negative
|
Unwinding
|
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isclaimer: 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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