MCX Mentha Oil March: Hold Short Positions 20 Mar 2017 9:45 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil March: Hold Short Positions Report for Date: 20/03/17 MCX Mentha Oil March (Price figures below are in Rs/INR per Kg) The trend is down in Mentha oil futures on MCX. March 2017 Futures contract settled at Rs 998.10 per Kg Friday. Short positions have been initiated below 1018. Hold short positions with a stop loss of 1030. Expect lower levels of 990 – 970 to be tested. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold short 998.10 1020.54 DOWN 1026.50 8.03 979.50 992.80 1000.80 1006.10 1019.40 *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 998.1 -0.6 409320 -10.4 3128 -2.1 Negative Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 33.77 -6.82 11.44 -38.27 -6.13 -33.64 25.63 -17.49 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 (May 24) Neutral Trend / Buy on Breakout / ... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...