MCX Mentha Oil April: Hold Short Positions
Report for Date: 29/03/17
MCX Mentha Oil April (Price figures below are in Rs/INR per Kg)
The trend is down in Mentha oil futures on MCX.
April 2017 Futures contract settled at Rs 983.50 per Kg Tuesday.
Hold short positions with a stop loss of 1001.
Expect lower levels of 960 – 940 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold short
|
983.50
|
999.28
|
DOWN
|
1032.00
|
8.03
|
965.97
|
976.97
|
981.43
|
987.97
|
998.97
|
*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
|
983.5
|
0.5
|
299160
|
-22.5
|
2600
|
5.6
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
32.08
|
13.17
|
33.89
|
34.03
|
-15.06
|
-1.09
|
30.35
|
-5.32
|
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.