Report For Date: 13/04/2019
MCX Crude Palm Oil: (Price are in INR (Rs)/10 kg)
Resistance will be at 545-555-561.
Support will be at 532-508.
Sideways volatility between 583 and 519 is likely.
Near term upside trigger can be 561 for rise to test 583.
Cover short position at lower range of 532-508.
The last swing bottom was at 519 and it is possible that same may not be violated in near term.
Support could be attract at 532-519.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
541.00
|
550.13
|
DOWN
|
541.0
|
12.04
|
508
|
532
|
546
|
555
|
579
|
*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
|
|
541.0
|
-2.4
|
43260000.0
|
-19.0
|
3687.0
|
26.3
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
79.00
|
0.28
|
96.22
|
0.04
|
138.68
|
11.72
|
81.41
|
-1.59
|
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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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