Mentha Oil Up at Noon

Mentha Oil futures rose within the domestic market on weekday as investors and speculators set-aside contemporary positions within the agri-commodity amid a pickup in physical demand for Mentha oil within the domestic commodities market.

Pick-up in demand for Mentha oil from major intense industries and reduced provides of the agri-commodity from the most important manufacturing regions boosted sentiment.

At the MCX, Mentha Oil futures for February 2015 contract closed at Rs 754.40 per 1 kg, up by 0.48 percent,instead of previous closing price of Rs 750.80 and after opening at Rs 754. It touched the intra-day high of Rs 758 till the closing.

Natural gas : buy above – 187.4 , target – 189.5 , Stoploss– 185.4
Mcx copper : buy above – 358.3 , target – 359.12 , Stoploss– 357.5
Mcx cotton : sell below – 14930 , target – 14700 , Stoploss-15180

Strong crude oil, Brent crude close to 62$

International crude oil prices have reached at a record levels. Brent crude close to $62 and $53, Naimax Crude prices have gone beyond. US crude oil reserves to prop up the price of crude oil is being reported. International markets are seeing strength in gold. 0.5 percent are looking Comax gold and the price seems to be up to $1230. The 0.30 percent growth Comax silver is trading around $18.

MCX Investments:

MCX Crude oil (Feb futures): Buy-3130, Stoploss-3080 and targets-3210

Natural Gas MCX(February futures): Buy-178, Stoploss-173 and Target-186

NCDEX Investments:

NCDEX Jeera (March futures) : Buy-14,000 to 14,020, Stoploss-13870 and the target- 14400/14450

NCDEX soy oil ( April futures ) : Buy-598-599, Stoploss-592 and target-610/620

What to do in Sugar, Guar?

Sugar declined today also, NCDEX March sugar futures traded down 0.25 percent to Rs 2670 is with weakness. NCDEX May futures price over the march of Chinese is down about 100 bucks. The sugar production has increased about 15 percent. Till January 31, about 135 million tonnes of sugar produced in the country, while last year production was 117 million tons.

Sugar NCDEX(March futures): Sell-2690, Stoploss-2735 and Targets-2630

Guar gum futures prices have slipped below 10,000. Today, about 2.5 percent guar gum sharp decline. The massive decline in exports of Guar. According to traders, this season has been reduced to 50 percent export guar gum.

Cardamom prices rose by 0.81 per cent on Friday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand.