Report For Date: 01/04/2019
MCX Crude Palm Oil: (Price are in INR (Rs)/10 kg)
Exit long and sell on rise from 525.9 or above with a stop loss of 537.
Lower range can be 523-517.
Near term reversal can resume if sustains above the weekly open and above 537.
Sell is below 519. If CPO sustains below weekly open and below 519 then sell with high of the week as the stop loss or 526 whichever is higher.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
525.9
|
550.6
|
DOWN
|
545.6
|
8.03
|
517
|
523
|
526
|
529
|
535
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
525.9
|
-0.8
|
47760000.0
|
7.6
|
4132.0
|
16.3
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
38.67
|
-3.15
|
13.72
|
27.07
|
-8.40
|
-15.28
|
27.21
|
-13.27
|
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.