MCX Mentha Oil Dec : Crucial Resistance Is At 935 28 Nov 2015 10:24 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil Dec : Crucial Resistance Is At 935 Report for Date: 30/11/15 MCX Mentha Oil Dec (Price figures below are in Rs/INR per Kg) The trend has turned down. Dec 2015 futures contract has settled at Rs. 919.20 per kg Friday. Important resistance and breakout is at 935. As long as 935 do not get crossed we can expect prices ease more towards lower levels of 905-885 or below in coming sessions. Hold short positions with a stop loss of 935. In case of a breakout and close above 935 witnessed, prices may be seen challenging the recent top of 970.70 in due course of time. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Book Profits 919.2 929.0 DOWN 923.9 20.11 900.6 913.1 919.6 925.6 938.1 *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 904.1 0.23 559440 -54.69 1141.00 -46.58 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 50.99 1.61 59.09 -15.76 2.34 -19.99 53.41 -10.49 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. View Full Image Read Disclaimer   Rate this story 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 :       Post Comment		Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Base Metals Copper (Apr 24) Bullish Trend / Buy on Di... Top 5 Special Reports US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...