Report for Date: 30/11/15 MCX Copper February: Expect Lower Range To Be Tested
MCX COPPER (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise to 312-314 with a stop loss of 319.
Expect lower range of 309-304 to be tested.
Reversal from falling trend can be witnessed on breakout and close above 319.
Lower range of 309-304 can attract support and can be used to cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
310.8
315.5
DOWN
348.0
19.10
304
309
312
314
319
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
310.8
-0.9
17946000
91.8
13953
56.0
Negative
Addition Short
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
34.39
44.41
60.43
52.79
-9.86
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