Showing posts with label mentha oil trading tips. Show all posts
Showing posts with label mentha oil trading tips. Show all posts

Sunday, 22 March 2015

MCX MENTHA OIL FALLS BUY 0.5% ON PROFIT-BOOKING

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Mentha oil prices declined by 0.50% to Rs 798.50 per kg in futures trading today as speculators booked profits at prevailing higher levels amidst sluggish demand from consuming industries in the spot market. Menthaoil trading range for the day is 788.1-812.9. Menthaoil spot is at 908/-. Spot market is up by Rs.3/-.
Besides, adequate stock position in the physical market on increased supplies from producing belts put pressure on mentha oil prices.
At the MCX mentha oil for delivery in March eased by Rs 4, or 0.50%, to Rs 798.50 per kg in a business turnover of 317 lots.
the oil for delivery in April shed Rs 3.20, or 0.39% to Rs 809.50 per kg in 277 lots.
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Thursday, 29 January 2015

MCX MENTHA OIL LIFTS STRONG DEMAND

agri commdity tips, free agri calls, mcx mentha oil, mentha oil futures, mentha oil trading tips, agri intradayMentha oil prices rose by 0.75 per cent on Thursday at the MCX due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for January 2015 were trading at Rs. 734 per kg, up by 0.75 per cent after opening at Rs. 729.10 against the previous closing price of Rs. 728.90.
It touched the intra-day high of Rs. 736.10 till the trading. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

Monday, 15 December 2014

MCX MENTHA OIL PRICES UP BY 0.5%


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  • Mentha oil futures prices today rose by 0.48% to Rs 727.50 per kg as speculators enlarged positions, supported by rising demand in the spot markets from consuming industries.
  • At the Multi Commodity Exchange, Mentha oil for delivery in December gained Rs 3.50, or 0.48%, to Rs 727.50 per kg, with a trading volume of 366 lots.
  • The oil for delivery in January 2015 edged up by Rs 3.30, or 0.44%, to Rs 738.60 per kg, with a business turnover of 257 lots.
  • Technically market is under short covering as market has witnessed drop in open interest by -4.13% to settled at 6989.
  • Menthaoil is getting support at 715 and below same could see a test of 705.9 level, and resistance is now likely to be seen at 731.1, a move above could see prices testing 738.1.   

    Thursday, 4 December 2014

    MENTHA OIL GAINS AT SPOT MARKET ON RISING DEMAND

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    • Mentha oil settled up tracking a firm trend at spot market on rising demand. Now Menthaoil is getting support at 690.3 and below same could see a test of 687.5 level, and resistance is now likely to be seen at 697.6, a move above could see prices testing 702.1
    • Further, tight supplies in the physical market following limited arrivals from the major producing belts too fuelled the uptrend. Range bound trend is noticed in mentha oil even as traders anticipate further fall in rates may be limited at these lower levels.  
    • winter season approaching the export demand and winter season domestic demand are expected to pick up in the coming few weeks till before Christmas. This is likely to be a strong supporting factor for the prices.
    • Technically market is under short covering as market has witnessed drop in open interest by -0.52% to settled at 8345 while prices up 0.2 rupee.
    Trading Tips:-
    • Menthaoil trading range for the day is 687.5-702.1.
    • Menthaoil spot is at 790/-. Spot market is up by Rs.2/-.

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    Monday, 1 December 2014

    SOYABEAN SETTLED DOWN & MENTHA OIL SETTLED UP

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    Fresh selling seen in Soyabean, down at 3343:->
    Soyabean settled down -0.68% at 3343 on robust harvest data from United States, indicating ample supply situation and on subdued demand for the Indian meal in global market.
    Technically market is under fresh selling as market has witnessed gain in open interest by 0.97% to settled at 82300 while prices down -23 rupee.
    Now Soyabean is getting support at 3318 and below same could see a test of 3293 level, and resistance is now likely to be seen at 3361, a move above could see prices testing 3379.
    Trading Ideas:- 
    Soyabean trading range for the day is 3293-3379.
    At the Indore spot market in top producer MP, soybean dropped  -28 rupee to 3279 rupee per 100 kgs.

    Fresh buying seen in Mentha Oil, gains at 694.9:-> 
    Menthaoil settled up 0.17% at 694.9 amid higher supplies from producing regions against sluggish demand from consuming industries in the spot market.
    Technically market is under fresh buying as market has witnessed gain in open interest by 0.96% to settled at 8426 while prices up 1.2 rupee. 
    Now Menthaoil is getting support at 691.3 and below same could see a test of 687.6 level, and resistance is now likely to be seen at 697.6, a move above could see prices testing 700.2.
    Trading Ideas:- 
    Mentha oil trading range for the day is 687.6-700.2.
    Mentha oil spot is at 785/-. Spot market is up by Rs.3/-.