Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Copper February: Exit long

12 Feb 2019 11:29 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

 Report for Date: 12/02/2019


 

 

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


Exit long on rise from 439.3 or above.

Resistance will be at 439-442.

Expect lower range of 437-432.50 to be tested.

Broadly till 451.4  is not crossed objective remains to exit long.



TREND INFORMATION WITH INTRA-DAY LEVELS  

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

439.3

434.5

UP

430.8

29.01

432.5

437.1

439.6

441.8

446.4


*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

439.3

-0.8

27336000

-13.9

10925

1.9

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

57.09

-6.09

42.71

-36.10

5.81

-5.71

60.01

-5.93





Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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.

 

 

 


Read Disclaimer
       
  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
Zinc (MCX) – Primary Trend Remains Bearish / More Weakn...
Nickel (MCX) – Prices Consolidating Amid Easing Momentu...
Lead (MCX) – Trading Within a Narrow Range (Rs. 150-157...
Copper (MCX) – Heading Towards a Retest of Range Resist...
Aluminium (MCX) – Bearish Primary Trend / Maintain Shor...
more
Top 5 News
Kapas (NCDEX) – Consolidating in a Range (Rs. 1,075 – 1...
Cotton (MCX) (Aug. ’19) – Appears Poised to Retest Over...
Cotton Seed Oilcake (NCDEX) – Consolidating Near 52-Wk ...
Mentha Oil (Aug. ‘19) – Short-term Strength Triggers Re...
Zinc (MCX) – Primary Trend Remains Bearish / More Weakn...
Top 5 Special Reports
USD/MYR—Backing Away from Resistance at 4.2000
USD/IDR—Near the Midpoint of a Multi-month Range (13,90...
USD/BRL—Approaching Symmetrical Triangle Pattern Resist...
U.S. Dollar Index—Remains on an Upward Trajectory
Weekly: ICE Sugar Ends Down As Brazilian Real Sinks Be...
Copyright © CC Commodity Info Services LLP. All rights reserved.