Mentha Oil future has resistance around Rs 1343-1349

Fortune Financial Services has come out with its report on soybean, soya oil, jeera, pepper, mentha oil. According to the research firm, mentha oil future contract on MCX are looking negative for intraday. Market may find support near Rs1328-1320 and Rs 1314 . Intraday resistance can be seen near Rs 1343-1349 and Rs 1357.

Soybean futures on the NCDEX were trading lower due to gradual increase in daily arrivals and expectation of higher production. New crop arrivals have started trickling in key Indore market of Madhya Pradesh, and are expected to gain momentum in the coming days. Mentha Oil is trading lower and expected to remain negative after sharp decline in demand from Guthka Manufacture as it is banned in all major states. Jeera futures ended up on talk of revival in export demand after the sharp fall in prices recently.  Edible oils on the National Commodity and Derivatives Exchange are likely to trade rangebound with a negative bias next week, as soybean supply is seen rising due to new crop arrival in the coming days. However, expectation of rise in demand for cooking oils ahead of the festival season and good export enquiry for soymeal may limit the downside. The spice complex is expected to trade lower next week due to delivery pressure ahead of expiry of the front-month contract on Sep 20. Also, weak export demand is likely to put pressure on pepper. But the downside will be limited in chilli and turmeric due to likely fall in output.

Soya Oil future contract on Ncdex are looking negative for intraday. Market may find support near 770.40 , 767.10 and 763.55 . Intraday resistance can be seen near 777.25 , 780.80 and 784.10 . Short term trend is looking bearish Market may find major levels near 10 SMA of 784.35 and 50 Days SMA of 789.94.

Soy Bean future contract on Ncdex are looking negative for intraday. Market may find support near 3682 , 3627 and 3549 . Intraday resistance can be seen near 3815 , 3893 and 3948 . Short term trend is looking bearish Market may find major levels near 10 SMA of 3843 and 50 Days SMA of 3962. 

Jeera future contract on Ncdex are looking positive for intraday. Market may find support near 14003 , 13697 and 13516 . Intraday resistance can be seen near 14491 , 14672 and 14978 . Short term trend is looking bearish Market may find major levels near 10 SMA of 14048 and 50 Days SMA of 15830. 

Pepper future contract on Ncdex are looking negative for intraday. Market may find support near 42853 , 42672 and 42383 . Intraday resistance can be seen near 43323 , 43612 and 43793 . Short term trend is looking bearish Market may find major levels near 10 SMA of 43191 and 50 Days SMA of 43445. 

Mentha Oil future contract on MCX are looking negative for intraday. Market may find support near 1328 , 1320 and 1314 . Intraday resistance can be seen near 1343 , 1349 and 1357 . Short term trend is looking bearish Market may find major levels near 10 SMA of 1361 and 50 Days SMA of 1380.

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