Monday, 5 October 2015

Mcx mentha oil price trading range bound in the spot market

Mcx Mentha oil futures prices traded in a range but at the end of day it closed positive by taking cues from spot market, which was almost same in comparison to previous day. In spot market no major activity was observed.

Mentha oil prices closed at Rs.902.80/ kg up by 0.53% in comparison to previous day. Outlook for the day is bullish, if the prices sustain above 915 levels. It has major resistance near 925.


MCX Mentha Oil trader can Sell around 900 with in October contract targets 885, 870 stop loss 911. 

1 comment:

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