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| Discuss Mentha Oil at the Commodities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Viewers , What is the story behind huge fall ? Where is the support ... |
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#1
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Dear Viewers ,
What is the story behind huge fall ? Where is the support ? What are long term targets ? |
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#2
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The normal trading range of Mentha is 450 to 550 , what has happened the past few months is pure speculation . From here on its risky , as it could go in any Direction . Last month i gave an advise to short Mentha at about 920.
From here i would not advise trading in Mentha . |
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#3
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heloo sona
plese send me detail of silver and gold and crude and all commodity trading tips ple hitesh |
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#4
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There is no great reason behind Mentha fall. All knew a cartel of speculators was behind the rise and the momentum created pulled it still ahead.
The cartel then played the final game, when the intimated the NCDEX that they wanted to give delivery of about 2000 lots ie. about 350,000 kgs in the February expiry contract. Note that 80% of volume in Mentha is in MCX and only 20% in NCDEX. Thus delivery could or may have been absorbed in MCX but in NCDEX definitely no. This created panic in the market. ,,, and lead to cartel and bears having the last laugh. |
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#5
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Hi Hitesh,,
This is my response to your querry related to Crude, Gold and Silver.... Factors influencing price Crude: 1. US inventory data: Today, there is enough reserves wrt Crude, Gasoline. Though there was a decrease in production due to Hurricane, it is well above than previous year... 2. Geo Political Tensions: Russia & IRAN talks ( result shall come anytime) and Visit of China to Iran ( Iran is the largest supplier to China).... 3. Decision of OPEC, to lessen the production might lead to consolidate at 60 - 62 $ per barrel...Wait for a direction... Gold: 1. There is strike going on in one of the worlds leading Gold & Copper prodution houses.... 2. Japan Govt. decided to curtail the deflation and is planning to increase the interest rate... This will control the inflation.....which means lesser pressure on Gold.. 3. The demand for GOLD is decreasing from Consumers.... 4. Dollar has stregthened.. So you can expect a short term price of $ 525......CMP is around $ 553.. Again, I am NOT suggesting you to go SHORT....But I can surely tell you to wait for some time before Going LONG......Cos.....I am bullish in the Long Run.... JUST WATCH IT ![]() |
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#6
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Hi All
I can suggest something on MenthaOil. I do regular jobbing in MenthaOil. My daily volume is appx. 200 to 230 lots. BEST WAY TO DO IS THIS ONLY. MENTHA OIL IS NOT FOR INVESTMENT TARGETS. GOOD LUCK. ![]() |
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#7
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Quote:
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#8
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Hi All
My view for MenthaOil. Short 1Lot Mentha(May) between Rs.450-Rs.475. If it crosses Rs.500. Short 1Lot between Rs.515-Rs.525. Expected price Rs.410. Time period-4weeks. GoodLuck ![]() |
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#9
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[quote=leoboy]Hi All
My view for MenthaOil. Short 1Lot Mentha(May) between Rs.450-Rs.475. If it crosses Rs.500. Short 1Lot between Rs.515-Rs.525. Expected price Rs.410. Time period-4weeks. GoodLuck [/QUOTESeems you like to play with fire ![]() |
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#10
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Quote:
AVOID MENTHAOIL IF U VALUE UR MONEY |
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| Thread | Thread Starter | Forum | Replies | Last Post |
| Mentha Oil Dec Future | rafay | Commodities | 7 | 12th December 2006 06:09 PM |
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