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In two weeks, mentha oil gained +81.7 rupees. Next week, we can expect targets: 888-900-908. Strong resistance level is 944 for long term buyers, so they can stay on hold until mentha hit this level.
Mentha oil uptrend will be change if it closes below the 845 level.
Over last 4 weeks, cotton is moving higher and higher. Soon we will see 17580 level.
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If I would like to say something about Gold then first I recommend to check my 4th Apr 2016 newsletter (click here) in presented technical chart. It’s exactly moved how I had predicted, and now Gold times come to take U-turn soon.
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Indian Gold is going to open positive. Are you planning to buy / sell? Ah! Wait… You must be watch 1066.5 level. Yes, if it crosses over or stay above the that level for an hour then gold will show unstoppable up moves, but I’m thinking, in present time you must sell the gold for 1060-1058.5.
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Best commodity for today. Clear sell signals!
Hurdle: 904.5 level
Targets: 899-897
Remember, if it will stay above an hour to hurdle, then it may cross over 907-911 levels.
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What I had written in the morning about mentha oil?
If you forget that then click here and read it again.
Before the market opening bell I was saying, “I don’t know what the peoples are saying about MCX mentha oil but I would like to say that this time for make sure profit!
…but if it starts showing buying pressures then remember it will break today 902-906+ levels.“
Mentha oil kissed all targets & made high 924...
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MCX Index is playing important role for to know market forecast, and yesterday it had closed near to hurdle 2798 level, so I’d like to inform that if today the MCX Index close below to hurdle then we’ll see S1 2792 & S2 2784 OR if it shows closes above to the hurdle then we will up rally up to 2824 level.
Yesterday I had said boldly, “if it closes or stay below to the support (26900 levels) then we may see again big down fall upto S: 26700-26600 levels“
If you don’t remember that then click here and read it again.
Gold just completed last target on today opening bell, so I don’t want to say anymore about yesterday now!
From today, gold will start playing between below-mentioned levels.
Support: 26400 & Resistance: 26780
Gold trend will be change after it look up us close above / below to support or resistance so now times start for intraday traders.
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I don’t know what the peoples are saying about MCX mentha oil, but I would like to say that this time for making sure profit!
Yesterday I had given 2 calls free and both fired, so today I will not give the game on your hand, but just note down level 894.
If the mentha oil stay for an hour below the 894 level then it may show you downfall but if it starts showing buying pressure then remember it will break today 902-906+ levels.
I will update during the market hours more information about mentha oil for subscribers!
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Today Gold will run both sides and buyers force to run more up.
Crucial level: 26100
If the gold stays above 26100 then it’ll go up and touch 26200-26270+ levels OR if it stays below the crucial level then we’ll 26000*-25930 below levels…
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Mentha oil is very best for all types of investors and also that’s near to my hurdle 918 so if you’d like to make a trade without risk then buy above hurdle for 933-944 levels or sell below to hurdle for 909-901 levels.
Yesterday Chana (2MT) had lost 106 point and closed at 4374 level. That’s still looking weak, and it’ll touch 4334-4300 levels soon.
Today, NCDEX Maize will stay down and touch 1394-1384 levels soon.
More information I’ll update due to market hours.