freestocktips

Does MCX Mentha Oil Begin to Move Upwards?

MCX:MENTHAOIL1!   Mentha Oil Futures
Here's the daily chart of the MCX mentha oil. Right now, it's moving between the Dynamic resistance and support trendline. It's trying to cross the Moving average. If consecutive candles cross the moving average downside, it will hit the support trendline by crossing 956 - 946.

But RSI crossing is indicating an uptrend. And ADX is greater than 25, Which shows an uptrend. +DI is under -DI, which means a downtrend. But the trend is positive. So, after crossing the moving average, maybe the trend will move downside for a short time. But it will start rising and hit the following targets 976 - 986.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.