Cocoa the soft commodity is a bean which is fully dried seed and cocoa that we consume are extracted from it. The prices have come higher and made an important structure which ensures future price increase. It looks there will be much more demand for the beans than the production capacity.
Sugar Future has seen recent likes of 20.51 and 17.2. If the structure is correct, then it should see further lower price before hitting further high.
Sugar Future has seen 2.63 to 66 extremes. Recently it appears it is moving a new structure after completing abc down. Nearly 50 years of Sugar travel to 2022 has been a balancing movement with current value of 18ish.
Please read my comments on Chart. Keep an eye on ICE Cotton for Buying Opportunities in Next 2-4 Weeks Time
Cotton. Monthly Close above 141 may open up gates for a target of 180.
Sure coffee will drop massively if unable to break 215 this time
Hi all, I am here again to give you something valuable:) Observed the coffee future chart which is trading in the multi year resistance zone. This is the fourth time now that it is into that zone and owing to increase in the prices of other commodities it may break the resistance this time. Stocks of FMCG segment will benefit from it. One stock which I see...
Cotton may be ready for 135-140 on a retest of 95-97 region. Comments On Chart
MCX Mentha oil can bounce here. It can retest the 960 . The intraday & short-term investors should enter around the support trendline for the targets of 926 - 936 - 958 . Further information I will update you soon.
Bearish clues: - Coffee price have bounced off bearish channel resistance - The hourly uptrend line has been broke - Candlestick shows indecision at the top and the strength of the sellers Objective: Coffee could decrease to the 148.000 US level, which corresponds to a strong support zone, and then maybe to the 145.000 US level, which corresponds to the...
Bearish clues: - Break of a double top in daily timeframe - Break of the support of the range at 16.75 USD, which corresponds to the 50% Fibonacci retracement of the huge market movement in February, 2021 and the neckline of the daily double top - Pulback on the support which became a resistance at 16.75 USD5 - 100 exponential moving average is breaking down -...
MACD has already given a sell signal at 17. Signal confirmed if price breaks the support below 16.70 to 16.50 Hence the sugar rally is likely to take a breather under corrective wave C.
MCX Mentha oil can try to collapse up to the support line before hitting the following targets: 986 - 1000 - 1020 Attention: don't buy below the support trendline. This MCX Mentha oil research is based on the Feb 24 article. Click the below link to read it:
MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’ How many of you bought Mentha oil after reading this report? Mentha oil made a high of 964.9 yesterday, and the first target has come. Approx. Profit /L = Rs.15,000+ The short-term investors can book profit here. As I mentioned in the above chart, it's MA crossover time. It may move sideways. Overall,...
First, wait for a clear Ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 - 986 - 1000 - 1020 levels from here. Intraday traders can go with the current trend. But don't buy below the support trendline.
we have a high probability that the SB will head upwards in the next few weeks
We have a high probability that the TC will head upwards in the next few weeks
Om Namah Shivay Sugar future on long term looks should correct more. The validation lines to be watched for the further move. Om Namah Shivay