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Trend is Friend dated - 22nd February 2013

KCSL Research is introducing a new technical report. If you believe trend is your friend, and prefer not to trade against the trend then the signals generated are for you. If you choose to trade against the depicted trend, you are a counter trend trader. There is usually more risk associated with trading against the trend.

What is the Report?

3x and 6x levels are the moving average of previous 3 and 6 days pivots.

The report is calculated based on end of the day data. We are comparing previous day's close with 3x & 6x to determine the trend. The report may not be effective for live intraday trades.

RSI is technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is possible that a commodity continues to rally/decline even after RSI has given a signal of overbought/oversold.

#N/A in the report implies No Action to be taken.

COMMODITY EXCHANGE CONTRACT CLOSE 3x 6x PRICE TREND RSI RSI TREND OVERALL TREND
PRECIOUS METALS  
GOLD MCX FEB 30757 30641 30726 Bullish 48 NEUTRAL BUY
SILVER MCX MAR 59432 59423 59396 Bullish 58 NEUTRAL BUY
INDUSTRIAL METALS  
COPPER MCX FEB 436.3 438.3 439.0 Bearish 30.68 NEUTRAL SELL
ZINC MCX JAN 108.55 108.9 108.5 Mildly Bearish 37.65 NEUTRAL #N/A
NICKEL MCX JAN 932.7 942.8 947.7 Bearish 33.58 NEUTRAL SELL
ALUMINIUM MCX JAN 108.05 108.9 109.7 Bearish 26.24 OVERSOLD HOLD
LEAD MCX JAN 123.2 123.7 123.9 Bearish 29.28 OVERSOLD HOLD
ENERGY  
CRUDE OIL MCX Feb 5157 5157 5150 Mildly Bearish 63.07 NEUTRAL #N/A
NATURAL GAS MCX JAN 194.8 192.3 189.9 Bullish 68.24 NEUTRAL BUY
OILSEEDS  
SOYBEAN NCDEX FEB 3274 3240 3233 Bullish 62.34 NEUTRAL BUY
MUSTARD NCDEX FEB 3504 3470 3464 Bullish 51.54 NEUTRAL BUY
REFINED OIL NCDEX FEB 696.95 721.4 717.7 Bullish 80.72 Overbought HOLD
CS OILCAKE NCDEX FEB 1315 1347 1360 Bearish 18.98 OVERSOLD HOLD
CPO MCX JAN 442.3 442.1 440.2 Bullish 62.24 NEUTRAL BUY
SPICES  
CHILLI NCDEX MAR 6674 6628 6590 Bullish 67.86 NEUTRAL BUY
CORIANDER NCDEX FEB 6855 6960 7003 Bearish 52.74 NEUTRAL SELL
JEERA NCDEX MAR 13690 13716 13801 Bearish 32.76 NEUTRAL SELL
PEPPER NCDEX FEB 37100 37086 37001 Bullish 66.32 NEUTRAL BUY
TURMERIC NCDEX APR 6250 6378 6486 Bearish 30.29 NEUTRAL SELL
CARDAMOM MCX FEB 1061.4 1042 1039 Bullish 61.13 NEUTRAL BUY
PULSES AND GRAINS  
WHEAT NCDEX FEB 1533 1517 1502 Bullish 62.7 NEUTRAL BUY
MAIZE NCDEX FEB 1390 1412 1421 Bearish 34.11 NEUTRAL SELL
CHANA NCDEX APR 3576 3554 3529 Bullish 59.27 NEUTRAL BUY
OTHERS  
MENTHA OIL MCX Jan 1300.2 1327 1337 Bearish 27.04 OVERSOLD HOLD
KAPAS NCDEX APR 907 919.4 921.1 Bearish 22.99 OVERSOLD HOLD
SUGAR NCDEX FEB 3258 3262 3260 Bearish 41.72 NEUTRAL SELL



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