MCX Mentha Oil May: Cover Short Positions
Report for Date: 02/05/17
MCX Mentha Oil May (Price figures below are in Rs/INR per Kg)
The trend is down but profit booking from bottom can be witnessed in Mentha oil futures on MCX.
April 2017 Futures contract settled at Rs 953.30 per Kg Friday.
Cover short position till the 932 as opportunity arises.
Down trend will continue on fall and close below 930.70.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
953.30
|
968.10
|
DOWN
|
1000.50
|
6.04
|
902.97
|
935.07
|
948.93
|
967.17
|
999.27
|
*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
|
953.3
|
1.9
|
638640
|
60.8
|
1403
|
-5.7
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
38.81
|
38.29
|
39.73
|
128.26
|
-16.32
|
4.65
|
55.16
|
66.54
|
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.