MENTHA OIL,CPO,COTTON,CARDAMOM WEEKLY TARGETS FOR WEEKLY 23 JAN TO 27 JAN 2023 by admin- Saturday, January 21st, 2023 08:45:24 AM
MENTHA RANGE 980/1080
RANGE BOUND TO LIMITED RISKY
MENTHA FEB BUY AROUND 990 TGTS 1030/80 SL BELOW 980 & SUSTAINING ABOVE 1035 BUY SL 1030
FCPO APR23 ABOVE 4000 TGTS 4200/4500 SL 3900 IMP. RES 4500 & DOWNSIDE BELOW 3900 SUP RANGE 3700/3400 FOR REVERSE UP MOVEMENT
Oil view same range bound trade with limited buying side on 200/400 ringgit drop for reverse 300/600 ringgit & Rumors of custom duty to be levied in this budget if happens then only some support expected & also bio diesel production can lead to some demand but over all trend limited range bound with same view on bounce stock clearly limited way with on drop limited qty buying.