MCX Cardamom and Mentha Oil Report : 1st August 2018

MCX CARDAMOM AND MENTHAL DAILY REPORT

TECHNICAL VIEW

Cardamom 14^th August 2018: (previous day close/CMP Rs.1132)

Bullish over 1129.30 with 1167.50 and 1185.00 as price target.

Bearish below 1094.90 with 1056.70 and 1018.10 as price target.

Neutral Zone: 1094.90-1129.30

One Support: 1119.30

One Resistance: 1148.50

o      Key resistance is at 1148.60. There will be a technical breakout over 1148.60 to 1185 and 1225.

o      Sellers will be there below 1112.10.

o      Crash point is at 1094.90

Menth Oil 31^st August 2018:  (previous day close/CMP Rs.1542)

Bullish over 1553.00 with 1609.40 and 1665.90 as price target

Bearish below 1529.90 with 1496.50 and 1440.10 as price target.

Neutral Zone: 1529.90-1553

One Support: 1529.90

One Resistance: 1579.90

o      Mentha oil needs to trade over 1526 till tomorrow to rise to 1609.40 and 1665.90.

o      Sell off will be there below 1526.00