AHMEDABAD (Commodity Online): Mentha oil Prices at MCX, February contract saw some fresh buying sentiments in last trading sessions but it shows some profit booking at higher levels in today's trading session.
It is trading in the range of 1575-1619 per 10 k.g in today's trading session.
Mentha oil prices trading at MCX, February contract is having Resistance at 1610 level and trading above that it likely to touch 1650 level.
Some profit booking is expected in near term. How ever, over all trend is still likely to remain bullish.
Trading range for Mentha oil prices trading at MCX, February contract is likely to remain between 1530-1680 levels.
Technically, 14 days RSI on Daily chart at 67 indicates upside trend in near future.
‘’Traders should look for the opportunity to buy on dips. ”, said Milan Shah, Commodity Analyst with Commodity Online.
To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com
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