MCX Mentha Oil Jan: Anticipated Price Movement IS Unfolding 12 Jan 2017 9:57 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil Jan: Anticipated Price Movement IS Unfolding Report for Date: 12/01/17 MCX Mentha Oil Jan (Price figures below are in Rs/INR per Kg) The trend is in Mentha oil futures on MCX. Jan 2017 Futures contract settled at Rs 1026.60 per Kg Wednesday. Momentum Oscillators are indicating that prices may further ease towards the next support cluster of 1012 – 999. The lower top of 1059 will act as a major resistance now and anything close above it only will boost chances of extended uptrend. Till then it is wise to stay away from the market in absence of clear momentum. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Stay Away 1026.6 1018.6 UP 1011.2 13.1 1006.0 1019.8 1026.9 1033.6 1047.4 *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 1026.6 0.1 624960 -35.9 3677 -2.5 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 50.83 0.54 22.56 -35.41 11.94 -14.46 47.58 -2.65 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. 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 Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Mumbai Masur Canada Crimson Container Weak Price Trend...