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MCX Mentha Oil June: Key Resistance Is At 945

24 Jun 2017 10:29 am
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MCX Mentha Oil June: Key Resistance Is At 945


Report for Date: 27/06/17

The trend is down but can reverse in Mentha Oil futures on MCX.

June 2017 Mentha Oil futures contract settled at Rs. 908.60 per quintal Friday.

Key resistance is at 945.

Buy on breakout and close above 945 with a stop loss of 901.

Support will be at 899-886 range.

TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Buy Abv 945 908.60 928.44 DOWN 935.00 1.06 884.73 901.93 912.47 919.13 936.33


*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
908.6 -2.0 510120 25.1 1649 -11.2 Negative Unwinding



TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
43.10 -17.70 46.90 -17.60 -1.64 -135.70 45.92 -32.65







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.

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