MCX Mentha Oil June: Hold Short Positions
Report for Date: 29/06/17
The trend is down in Mentha Oil futures on MCX.
June 2017 Mentha Oil futures contract settled at Rs. 877.00 per quintal Wednesday.
Major downward movement witnessed in last trading sessions.
Hold short positions with stop loss of 910.
Expect further lower levels of 860 – 840 to be tested in coming session.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold short
|
877.00
|
918.11
|
DOWN
|
935.00
|
1.06
|
850.90
|
870.00
|
882.10
|
889.10
|
908.20
|
*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
|
|
877.0
|
-1.2
|
320400
|
-22.3
|
612
|
-47.6
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
32.30
|
-9.15
|
7.03
|
-70.97
|
-6.48
|
-65.56
|
26.50
|
-18.17
|
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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