MCX Aluminum October 2017 Weekly: Further Rise Is Above 151.5

Report for Date: 16/10/2017

MCX Aluminum October 2017 Weekly: Further Rise Is Above 151.5

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

Traders long and holding the same can maintain the stop loss of 130.

Resistance is at 138.6-141.50.

Further rise is above 141.50.

On sustained rise and close above 141.50 will show near term to short term up move.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	137.5	130.6	UP	124	30.06	131.1	135.7	138.6	140.3	144.9

*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
137.5	-1.7	179415008	24.6	3004	-30.3	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
64.82	-7.65	70.66	-7.08	4.06	1.51	60.87	-13.50

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.