MCX Mentha Oil Feb: Exit Long Positions 20 Feb 2017 11:12 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil Feb: Exit Long Positions Report for Date: 20/02/17 MCX Mentha Oil Feb (Price figures below are in Rs/INR per Kg) The trend has turned down in Mentha oil futures on MCX. Feb 2017 Futures contract settled at Rs 1025.5 per Kg Friday. Exit long on rise to 1029 – 1044 levels or above as the opportunity arises. Re-enter long on close above 1050. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit Long 1025.5 1027.4 DOWN 1027.0 15.02 1009.1 1020.8 1027.8 1032.5 1044.2 *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 1025.5 -0.2 325080 -3.1 3145 -0.6 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 49.80 -1.30 34.17 -29.64 1.22 -19.33 54.49 -4.29 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 on Breakout / ... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Castor Oil (Kadi) Weak Price Trend / Next Support at R...