MCX Silver March 2018 Weekly: Resistance At Higher Range

Report for Date: 08/01/2018

MCX Silver March 2018 Weekly: Resistance At Higher Range

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

Trend line resistance is at higher range of 39450-3992.

The candle was narrow last week.

The DRV generally is crossed to react down later that has been the order of movement therefore sustain at or above trend line and DRV is an issue till decisive breakout above 39450


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	39253.0	39325.7	DOWN	39877.0	20.10	38506	38978	39175	39450	39922

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
39253.0	0.0	1730910	8.6	17003	-1.3	Positive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
50.90	0.16	72.22	60.54	-311.45	19.07	49.48	-9.20

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.