Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Mentha Oil June: Further Weakness Is Below 1340

18 May 2019 7:22 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report For Date: 18/05/2019


MCX Mentha Oil (Price are in INR )


Traders short can maintain the stop loss at 1492.

Further weakness is below 1340.

Sell is below 1340 with high of the week as the stop loss or cover short position till 1340 is not violated.

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

1397.40

1579.37

DOWN

1523.2

5.04

1297.6

1362.6

1392.8

1427.6

1492.6


*Trend will remain Down as long as last close is below the pink color WRV-(Weekly Reversal Value). Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

V -G/L%

OPEN INTEREST

OI -G/L %

CANDLE

POSITION

1397.4

-0.9

916920.0

5.1

448.0

-14.3

Indecisive

Unwinding


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

41.86

-1.22

19.33

-32.57

-44.04

-19.34

32.19

-4.33




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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
Stock Position Of Veg Oil (Edible Grade ) On 24.06.2019...
Weekly: Uptrend Likely To Continue In Gold Prices
WEEKLY Black Pepper: Prices Start Recovering After Cons...
Weekly Red Chilli: Prices Move Up For Good Quality Spic...
Weekly Jeera: Prices Soften On Limited Export Demand
Copyright © CC Commodity Info Services LLP. All rights reserved.