MCX Crude Palm Oil Weekly July: Correction Is In Progress

Report For Date 28/06/2016

MCX Crude Palm Oil: (Price are in INR (Rs)/10 kg)

Correction of the rally from 360 (Feb’15) to 577.80 (April’16).

Retracement levels of the rise are placed at 494-467-444.

Expect retracement to be tested before making any reversal attempt from the correction.

Traders short can maintain the stop loss at 515.

Cover short position at 501-489 as the opportunity arises.

Correction can continue if close is below 497.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	505.70	520.71	DOWN	507.1	17.06	489	501	508	513	525

*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% OI Inc/Dec	Candle	Position
505.7	-0.3	102350000	8.0	4798	16.5	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
50.58	-0.95	25.21	-19.65	16.59	-15.07	21.51	-8.70

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.