Report for Date: 27/03/15
MCX Mentha Oil April (Price figures below are in Rs/INR per Kg)
The trend has turned up in Mentha oil futures on MCX.
April 2015 futures contract has settled at Rs 824.60 per kg Thursday.
Ideally, cover short positions on dips to Rs 820-816 levels or below as the opportunity arises.
Wait for any fresh positions for the time-being as a sideways movement is expected in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Cover Short
|
824.6
|
819.5
|
UP
|
821.0
|
24.03
|
805.8
|
818.7
|
825.6
|
831.6
|
844.5
|
*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
|
|
824.6
|
-0.89
|
1724
|
-34.22
|
0.00
|
0.00
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
54.35
|
-5.91
|
61.75
|
39.51
|
8.39
|
-4.70
|
46.43
|
-15.81
|
`
Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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.
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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