NCDEX Refined Soya Oil Weekly: Expect Lower Range To Be Tested

Report For Week Dated: 22/06/2015

NCDEX Refined Soya Oil (Price are in INR (Rs)/10kg)

Exit long on rise from 581 to 592 as the opportunity arises.

Expect lower range of 575-557 to be tested.

Addition of short position has been witnessed.

Indicators like RSI, MACD and Stochastic are falling which suggest that in near term lower range to be tested with volatility.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Exit long	581.8	574.7	UP	556.6	20.03	557	574	584	592	609

*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
581.8	-2.1	360920.0	-8.9	241010	5.6	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
53.50	-10.37	39.60	-40.58	10.00	-9.78	58.35	25.62

Weekly Chart

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.