MCX Mentha Oil Aug: Book Profit At Higher Level 16 Aug 2017 9:53 am   0 Comments  |   Post Comment  |  Font Size A A A  MCX Mentha Oil Aug: Book Profit At Higher Level Report for Date: 16/08/17 The trend is up in Mentha Oil futures on MCX. Aug 2017 Mentha Oil futures contract settled at Rs. 1165.20 per Kg Monday. However, Market is in overbought zone and a profit taking would be a better bet to do against taking additional long positions. Book profits on rise to 1170 – 1175 levels or above as the opportunity arises. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Book Profits 1165.20 1090.47 UP 923.60 5.07 1101.13 1140.03 1153.77 1178.93 1217.83 *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 1165.2 2.7 1237320 18.6 3393 2.6 Positive Addition Long TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 70.82 6.13 54.82 111.50 44.69 2.25 66.97 17.94 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) Neutral Trend / Buy on Breakout / K... Guar Gum (May 24) Neutral Trend / Buy on Breakout / Ke... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... more Top 5 News Market Snapshot MCX - NCDEX 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 at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...