MCX Mentha Oil May: Use Higher Levels To Take Profits 6 May 2016 10:18 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil May: Use Higher Levels To Take Profits Report for Date: 06/05/16 MCX Mentha Oil May (Price figures below are in Rs/INR per Kg) The trend is up but nature of the movement is sideways in Mentha oil futures on MCX. May 2016 Futures contract settled at Rs 863.70 per Kg Thursday. Exit long positions on rise to 869 – 875 levels r above. Re-enter long on rise and close above 895. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit Long 863.7 843.3 UP 812.5 11.04 845.6 857.4 862.9 869.2 881.0 *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 863.7 -0.29 750600 -22.09 3056.00 -1.51 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 47.34 -1.59 31.91 -42.81 0.34 -10.38 48.14 -6.48 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		Latest TechAnalysis Report Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Guar Seed (May 24) Bullish Trend / Buy at CMP / Key Su... more 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... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Canadian Lentil Prices Hit Record Highs, Outlook Remain... Canadian Chickpea Prices Hit Record High, Outlook for 2... Canadian Dry Pea Market Sees Price Rise Despite Export ... Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (...