MCX Copper Weekly: Weakness is below 368

Report For Week Dated: 20/04/2015

MCX Copper Weekly (Price in INR(Rs)/Kg)

Sideways volatility around the DRV can be seen has the DRV is horizontal.

The same is depicted on the chart.

Weakness is below 368.

Expect higher range for week 390-409 to be tested.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Cover Short	384.00	381.03	UP	384	17.04	354.9	372.9	379.9	390.9	408.9

*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	Strategy
384.00	1.86	168214992	-20.59	10903.00	-7.66	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
49.81	8.14	51.89	-4.34	-6.91	15.45	33.50	0.06

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.