Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Natural Gas January 2019: Further Weakness Is Below 202

10 Jan 2019 10:43 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 10/01/2019



MCX Natural Gas (Price figures below are in Rs/INR per Kg)


Exit long and sell on rise to 214 or above with a stop loss of 219.90.

Support will be at 208-202.

Weakness is below 202.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

211.20

230.78

DOWN

291.20

12.12

202.2

208.1

210.9

214.0

219.9


*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

211.2

-0.5

62222500

-1.5

3221

-2.2

Indecisive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

35.44

-0.97

60.17

51.45

-19.15

2.39

33.58

-10.09



Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

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.


View Full Image
Read Disclaimer
N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
MCX Natural Gas January 2019: Expect Higher Range To...
Energy Technical Levels For 21 January
MCX Natural Gas January 2019: Expect Higher Range To...
MCX Crude Oil January: Expect Higher Range To Be Teste...
Energy Technical Levels For 18th January
more
Top 5 News
MCX Natural Gas January 2019: Expect Higher Range To...
MCX Aluminum January 2019: Consolidation Could Be Hap...
MCX Lead January: Accumulate
NCDEX Castor Seed February 19: Resistance At Higher Ra...
NCDEX Mustard : Further Weakness Is Below 3825
Top 5 Special Reports
Technical: Mumbai Matar Canada - Expect The Rise To Con...
Technical: Mumbai Toor Lemon –Pigeon Pea-Accumulate
ICE Cotton Weekly : Markets Remain Range-Bound; Cautiou...
Weekly CPO: Surplus Stock Will Keep Palm Prices Under P...
Weekly Rapeseed: Bumper Crop Expectation To Keep Mustar...
Copyright © CC Commodity Info Services LLP. All rights reserved.