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