Mentha oil July future prices traded lower on yesterday’s trading session and after making a low of 684.70 levels it settled at 687.80 levels.

Closing below the daily short term (9, 18) EMA suggests market to trade lower. However, market is witnessing a trend line support at 680.00 levels.

The momentum indicator RSI (14) daily is treading at 0.414 levels and showing a lower potential.

MCX Mentha oil July: Buy at 721 TP 727 SL 718

Courtesy: Karvy Commtrade Ltd.

Get Trading Tips that suits your profile and budget

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook