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MCX Lead April 2019 Weekly: Further Weakness Is Below 131

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


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



Support is at 132-131 range.

Resistance is at 136.3-140.50.

A rise and close above 142 can mark a reversal.

Cover short position at 134.25 or below.

Sell is below 131 with high of the week as the stop loss or 134.30 whichever is higher.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

134.25

143.38

DOWN

145.9

8.03

127.9

132.1

134.2

136.3

140.5


*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

134.3

0.6

239510000.0

-28.0

5946.0

-7.7

Positive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

38.91

2.88

11.73

-8.64

-2.43

-19.45

32.79

47.55





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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