MENTHA OIL,CPO,COTTON,CARDAMOM WEEKLY TARGETS FOR WEEKLY 11 JUL TO 15 JUL 2022

MENTHA OIL,CPO,COTTON,CARDAMOM WEEKLY TARGETS FOR WEEKLY 11 JUL TO 15 JUL 2022

by admin- Saturday, July 9th, 2022 09:51:36 AM

MENTHA RANGE 960/1060
RANGE BOUND TO LIMITED RISKY

MENTHA JUL BUY AROUND 970/980 TGTS 1020/60 SL BELOW 960 & SUSTAIN BASED 1010 DIP OR SUSTAINING ABOVE 1015 BUY SL 1010

COTTON RANGE 41000/44000
RANGE BOUND UP

LEVEL 1 – ABOVE 42800 JUL TGTS 43100/500 SL 42600
LEVEL 2 – BELOW 42600 SELL 42300/41900 SL 42800 BUY NEAR 41000 SL BELOW 40800

FCPO AUG BELOW 4100 TGTS 3900/3600 SL 4200 SUP REVERSE 3600/3300 LIMITED QTY & UPSIDE ABOVE 4300 ONLY FOR RES TEST 4500/4800 REVERSE

Oils view same still looks weak also indian govt. had asked companies for reducing 15 Rs atleast & so again from bottom 400/700 ringgit it can bounce again so keep clearing limited stocks then try on bottom limited entry expected demand to come around 20/30 Jul for some low physical stock taking but oil trading will stay volatile risky

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