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MCX Aluminum April 2019 Weekly: Sideways Movement Witnessed

20 Apr 2019 3:09 pm
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Report for Date: 22/04/2019



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


Sideways movement is being witnessed.

Higher range for the week can be 150.4-153.10.

Lower range for the week is 147.7-145.

Cover short position at 149.45 or below.

Expect a rise towards higher range 150.4-153.10.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

149.45

152.83

DOWN

159.77

9.11

145.0

147.7

148.6

150.4

153.1


*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

149.5

1.3

63270000.0

-35.2

1214.0

12.4

Positive

Addition Long


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

47.44

6.39

31.55

-5.67

-2.52

10.48

44.70

59.77



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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