MCX Silver May : Sideways Movement Being Witnessed 15 Mar 2018 10:33 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 15/03/2018 MCX Silver May : Sideways Movement Being Witnessed MCX Silver (Price figures below are in Rs/INR per Kg) Sideways movement and oscillation around DRV continues. Exit long on rise to 38977-39318 or above as the opportunity arises. Support will be at 38636-38295. Band of movement is 39500 to 38289. TREND INFORMATION WITH INTRA-DAY LEVELS CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 38757.00 38964.81 DOWN 38712.0 7.03 38295 38636 38856 38977 39318 *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 38757.0 -0.2 360540 -9.5 20172 3.9 Negative Addition Short TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 46.95 -1.99 30.04 -9.52 -88.25 -0.95 52.54 -7.48 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 (May 24) Bullish Trend / Buy o... Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-... Precious Metals Silver (May 24) Bullish Trend / Buy o... Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-... Precious Metals Silver (May 24) Bullish Trend / Buy o... more Top 5 News Spices Jeera (May 24) Neutral Trend / Buy at CMP / Ke... Coriander (May 24) Bearish Trend / Sell at CMP / Key R... Cotton Complex Kapas (Apr 24) Bearish Trend / Sell on... Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Top 5 Special Reports US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...