Buy MCX Crude Oil Dec: Buy around 3800 mark | Sell MCX Mentha Oil | Buy NCDEX Turmeric | Buy MCX Copper | Indianotes.com


MCX CRUDE OIL DECEMBER: On Friday, crude oil prices penetrated the previous high of 3780 and settled almost near the day’s high of 3807. On the daily chart, commodity is trading within the rising trend channel and according to that the immediate resistance is at 3935 then 4000 levels. Hence, we recommend buying around 3800 mark for upside targets of 3935 levels. Action: Buy


MCX COPPER NOVEMBER: Copper prices continued its gain during Friday’s session and ended near the day’s high of 452.10. The immediate resistance is at 454.50 and surpass above that will extend till previous high of 466 levels. Therefore, we continue to advise buying around 450 levels for upside targets of 458 then 462. Action: Buy


MCX MENTHA OIL DECEMBER: After retesting the immediate high the mentha oil prices turned sharply lower and ended almost near the day’s low of 1749. Ahead the immediate trend line support is at 1720, break down below that provide a sharp correction till 1625 levels. Thus, we advise selling on break of 1720 for targets of 1650 then 1625. Action: Sell


NCDEX TURMERIC DECEMBER: On Friday, turmeric prices extended its gains by penetrating the ascending triangle pattern resistance and ended just above that. Ahead, the trend line support is at 7400 and we recommend buying around these levels for the upside targets of 7680. Action: Buy

   Click here to read the full report