MCX Mentha Oil May (Price figures below are in Rs/INR per Kg)
The trend is down in Mentha oil futures on MCX.
May 2015 futures contract has settled at Rs 903.10 per kg Thursday.
Hold short positions with a stop loss of Rs 920.
Expect a fall to Rs 880-860 levels.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Short
903.1
954.1
DOWN
978.5
6.05
883.4
898.2
908.0
913.0
927.8
*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
903.1
-2.06
1830
-1.45
0.00
0.00
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
45.24
-8.63
17.73
-56.20
-4.82
-95.36
27.61
-18.88
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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