MENTHA OIL,CPO,COTTON,CARDAMOM WEEKLY TARGETS FOR WEEKLY 12 SEP TO 16 SEP 2022

MENTHA OIL,CPO,COTTON,CARDAMOM WEEKLY TARGETS FOR WEEKLY 12 SEP TO 16 SEP 2022

by admin- Saturday, September 10th, 2022 08:58:56 AM

MENTHA RANGE 960/1050
RANGE BOUND TO LIMITED RISKY

MENTHA SEP BUY AROUND 970 TGTS 1010/1040 SL BELOW 960 & SUSTAINING ABOVE 1005 BUY SL 1000

COTTON RANGE 35000/38500
RANGE BOUND UP

LEVEL 1 – ABOVE 37000 OCT TGTS 37300/700 SL 36800
LEVEL 2 – BELOW 36700 SELL 36400/000 SL 36900 BUY NEAR 35200 SL BELOW 35000

FCPO OCT ABOVE 3700 ONLY FOR 3900/4200 SL 3600 IMP. RES RANGE 4200/4500 & DOWNSIDE BELOW 3600 FOR 3400/3100 THEN BUY MOVES WITH LIMITED STOCK ONLY NO HOLDING BUT SOME RECOVERY EXPECTED FROM BOTTOM

Oil View same no big movements for tezi expected but from bottom prices a mild recovery can be expected and also same view no need to hold stocks and on bounce, stockiest will clear out stocks only but keep trading from bottom price entry and exit on 300/500 bounce regularly & festival demand or crude prices can push it back up only
There is also rumor going on about NCDEX Oil Complex start up again that news can be positive for the oils but only if it starts else avoid this news

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