MCX Crude Palm Oil: Cover Short Position

Report For Week Dated: 11/05/2015

MCX Crude Palm Oil (Price are in INR (Rs)/10 kg)

Cover short position at 448 or below as the opportunity arises.

Weakness can be seen on fall and close below 433.

Expect the peak of 474.5 to be tested in due course of time.

Higher range attracts resistance in the range of 466-475 and the same could be tested.

If CPO trades above the open of the week and above 454 then buy with low of the week as the stop loss or 447 whichever is lower at the point of breakout.

Sell will be below 433 as a fall and close below 433 can be a breakdown.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Cover Short	447.9	451	DOWN	455	6.03	420.1	438.0	445.9	455.9	473.8

*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
447.9	2.82	107890000	250.52	4448	-24.41	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
49.03	13.52	67	20.19	-6.39	13.60	26.28	23.53

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.