MCX Gold December: Exit Long As Sideways Movement Likely 21 Nov 2017 9:48 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 21/11/2017 MCX Gold December: Exit Long As Sideways Movement Likely MCX Gold (Price figures below are in Rs/INR per Kg) Traders long and holding the same can maintain the stop loss at 29300. Exit long on rise from 29370 or above. Expect sideways volatility around the DRV. Resistance will be at 29480-29615. Lowe range for the day can be 29234-28853. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 29370.0 29509.9 DOWN 29370.0 20.11 28853 29234 29480 29615 29996 *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. Sideways- No Directional Movement Indication PRICE, VOLUME AND OPEN INTEREST STRATEGY Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position 29370.0 -1.1 7995000 3.2 4919 0.4 Negative Addition Short TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 45.66 -18.22 39.62 -20.45 -8.99 -435.85 34.99 -14.05 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   Rate this story 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 :       Post Comment		Latest TechAnalysis Report Precious Metals Silver (Jul 24) Bullish Trend / Buy a... Precious Metals Gold (Jun 24) Bullish Trend / Buy at ... Precious Metals Silver (Jul 24) Bullish Trend / Buy a... Precious Metals Gold (Jun 24) Bullish Trend / Buy at ... Precious Metals Silver (Jul 24) Bullish Trend / Buy o... more Top 5 News Market Snapshot MCX - NCDEX Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...