The trend is up but nature of the movement is sideways in Mentha Oil futures on MCX.
Sep 2017 Mentha Oil futures contract settled at Rs. 1172.10 per Kg Thursday.
Exit long positions on rise to 1181 – 1190 levels or above as the opportunity arises.
Wait for any fresh positions for the time-being.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
TrendPrice
TrendDate
L1
L2
CP
L3
L4
Exit Long
1172.1
1163.6
UP
N/A
N/A
1150.0
1165.8
1175.3
1181.6
1197.4
*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
1172.1
-0.7
574920
-15.1
1726
-11.9
Negative
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
49.62
-5.18
25.04
15.86
10.57
-17.04
46.35
-4.10
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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