REPORT For Date 30/07/2018
Yuan per ton
Cover short position at 16820 or below as the opportunity arises.
Resistance is at 17013-17040.
Support will be at 16777-16583.
Weakness is below 16485.
Sideways movement between 16485 and 17040 is likely to be witnessed.
Traders can buy above 17040 with low of the week as the stop loss or 16820 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
16820.0
|
N/A
|
DOWN
|
N/A
|
N/A
|
16153
|
16583
|
16777
|
17013
|
17443
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
16820.0
|
1.3
|
1282356.0
|
-9.8
|
-
|
-
|
-
|
-
|
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.