I have uploaded daily chart of Mentha Oil Mcx as per this chart menthe oil is trading in a pretty up trend and this fall can be a pull back of its previous vertical uptrend that occurred from bottom of 725, August 2010 to its top of 1305.80 in November 2010. After a vertical uptrend now prices are moving in a descending and 1025-1028 zones are support line of this triangle and 50% Fibonacci Retracement Level is around 1012 zone. So trader can keep eyes on this commodity and here trader can find a good opportunity to get in early than greedy crowed only gap down opening below our support zone can neglect this view and fall can remain continue till 750 zones again.
Comments