Report For Week Dated: 15/06/2015
MCX Crude Palm Oil (Price are in INR (Rs)/10 kg)
The movement is within the band.
The rectangle box is shown which suggest sideways volatility can happen.
Objective remains to exit long till 475 is not crossed.
Uncertainty and unpredictable phase of movements is a movement within band.
Horizontal phase are the best to be avoid for any trading and positional trade as they lack directional movement to get right position.
Unwinding of position is more dominant.
One point analysis suggest to trade long above if closing is above 475 on weekly basis or exit long on rise from current level or above till 475 is not crossed on weekly chart.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Exit long
|
455.4
|
452.9
|
UP
|
456.8
|
29.05
|
433
|
448
|
457
|
464
|
479
|
*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
|
455.4
|
-1.6
|
95720000
|
-18.2
|
4988
|
-13.7
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
51.96
|
-6.88
|
74.62
|
-2.34
|
-1.28
|
33.46
|
44.77
|
-6.62
|
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.