Report For Week Dated: 8/06/2015
MCX Aluminum Weekly: (Price in INR(Rs)/kg)
Cover short position at 110.95 or below.
Sell on fall below 108 with high of the week as the stop loss or 111 whichever is higher.
Expect higher range of 112.1-114.7 to be tested.
The movement swing has been in spike for last few weeks with 3-4 weeks high vertically and 3-4 weeks down sharply.
A pullback to DRV of 115.9 can happen if 108 is immediate not violated.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
110.95
|
115.92
|
DOWN
|
110.30
|
22.05
|
106.9
|
109.5
|
110.7
|
112.1
|
114.7
|
*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
|
111.0
|
2.0
|
192844992.0
|
31.0
|
4936
|
217.4
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
43.82
|
10.77
|
6.02
|
-59.01
|
-1.07
|
-15.91
|
35.34
|
54.62
|
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.