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MCX Lead February 2018 Weekly: Expect Higher Range To Be Tested

19 Feb 2018 11:20 am
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Report for Date: 19/02/2018


MCX Lead February 2018 Weekly:
Expect higher range to be tested

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

Traders long and holding the same can maintain the stop loss at 154.

Resistance is at 171.5-180.25.

Further rally will continue on close above 172.50.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 168.00 155.42 UP 150.5 15.09 154.00 162.75 166.25 171.50 180.25

*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
168.0 2.7 356320000 -17.6 2721 -14.5 Positive Unwinding

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
58.01 6.72 62.96 2.58 3.64 2.97 49.49 12.12











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.

       
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