Report for Date: 28/06/2016
MCX Copper June: Further Rise Is Above 322.3 Closing
MCX COPPER (Price figures below are in Rs/INR per Kg)
Traders long can maintain the stop loss at 309.
Expect higher range of 320-324 to be tested.
Further rise can continue if the close is above 322.30.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
317.9
313.3
UP
312.7
20.06
312
316
318
320
324
*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
317.9
0.2
44574000
-31.9
15957
-3.3
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
View Full Image
Read Disclaimer