REPORT For Date 13/08/2018
Yuan per ton
Traders by chance long and holding the same can maintain the stop loss at 16780.
Expect higher range of 17647-18422 to be tested.
Support will be at 17213-16872.
Weaker opening and correction to 17213-16872 can be used for buying with a stop loss of 16780.
Open interest increased with the rise and positive candle which indicates addition of long position.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
17305
|
N/A
|
DOWN
|
N/A
|
N/A
|
16097
|
16872
|
17213
|
17647
|
18422
|
*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
|
|
17305.0
|
2.0
|
2505306.0
|
-11.4
|
539760.0
|
3.2
|
Positive
|
Addition Long
|
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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