MCX Mentha Oil June: Key Resistance Is At 945

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MCX Mentha Oil June: Key Resistance Is At 945

23 Jun 2017 10:01 am

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MCX Mentha Oil June: Key Resistance Is At 945

Report for Date: 23/06/17

The trend is down but can reverse in Mentha Oil futures on MCX.

June 2017 Mentha Oil futures contract settled at Rs. 927.10 per quintal Thursday.

Key resistance is at 945.

Buy on breakout and close above 945 with a stop loss of 901.

Expect higher levels of 970 – 995 to be tested in coming sessions.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Buy Abv 945	927.10	928.48	DOWN	935.00	1.06	911.70	921.40	925.40	931.10	940.80

*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
927.1	-0.1	407880	-32.4	1858	-8.7	Indecisive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
52.37	-0.65	56.93	5.24	-0.70	44.13	68.18	4.42

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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