Does MCX Mentha Oil Begin to Move Upwards?
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.
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.
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