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MCX Silver May 2019 Weekly: Resistance At Higher Range

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


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


Traders short and holding the same can maintain the stop loss at 38080.

Resistance will be at 37502-38080.

Lower range can be 36924-36346.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

37230.00

38326.04

DOWN

38301.0

1.03

36346

36924

37197

37502

38080


*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

37230.0

0.0

1672890.0

-31.4

20267.0

-8.0

Indecisive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

41.98

0.18

20.73

11.21

-196.82

-58.23

32.64

73.67



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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