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Mcx Crude Oil May 2019: Accumulate

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


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


Accumulate at 4409 or with a stop loss of 4254

Expect higher range of 4502-4595 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

4457.00

4098.6

UP

4073.0

15.03

4316.7

4409.7

4455.3

4502.7

4595.7


*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 is lower.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

4457.0

-0.4

5989900.0

282.3

12643.0

345.2

Indecisive

Addition long/Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

58.27

-0.40

91.99

-1.54

16.83

272.92

66.81

9.57




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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