Report for Date: 03/10/2016
MCX Natural Gas October Weekly 2016: Exit Long On The Rise
MCX Natural Gas (Price figures below are in Rs/INR per Kg)
Exit long on rise from 194 to 208 as the opportunity arises.
Expect lower range of 190-181 to be tested.
Accumulate at 180 or below with a stop loss of 169.
Buy above 208 with low of the week as the stop loss or 194 and till then exit long on rise.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
194.00
|
175.85
|
UP
|
147.00
|
27.05
|
181.2
|
190.7
|
196.8
|
200.2
|
209.7
|
*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
|
194.0
|
-1.1
|
290177504
|
-17.3
|
6682
|
35.9
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
60.78
|
-2.33
|
70.15
|
-5.63
|
10.83
|
-1.64
|
64.85
|
-3.27
|
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.