MCX Mentha Oil March: Cover Short Positions 19 Mar 2018 9:54 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 19/03/2018 MCX Mentha Oil March: Cover Short Positions MCX Mentha Oil (Price are in INR ) The trend is still down but a reversal is likely to be seen. First priority is to cover short positions on dips to 1194 – 1180 levels or below as the opportunity arises. Support is at 1146. Expect higher range of 1220 – 1260 to be tested in coming sessions. CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 1206.7 1286 DOWN 1691 12.01 1142 1181 1194 1220 1258 *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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION 1206.7 4.0 600120 23.6 996 -11.2 Positive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 36.7 29.9 27 250.3 -71 5.5 44.32 54.74 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. 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 (Jun 24) Neutral Trend / Buy on Breakout / K... Guar Gum (Jun 24) Neutral Trend / Buy on Breakout / Ke... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Guar Seed (Jun 24) Neutral Trend / Buy on Breakout / K... 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) Neutral Trend / Buy on Br... Top 5 Special Reports Mustard Oil (Jaipur) Trending Lower / Next Support at ... Mumbai Masur Canada Crimson Container Weak Price Trend... US cotton net export sales for April 26-May 2 at 253,70... US soybean net sales for April 26-May 2 at 428,900 MT, ... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...