Wednesday, 20 July 2016

MENTHA OIL CURRENT PRICES SHOW A BEARISH HARMONIC PATTERN


The current market extension has shown extremes which are more normally associated with short to intermediate term-corrections. As shown in the below chart, on a weekly basis the market is pushing 2 weekly trend line but  Gartley pattern sometimes becomes Crab pattern. If the prices sustain On the flip side, and the price action continues beyond the prior high of 947.00, then the target for Mentha oil could be 993.00 and 1023.



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MENTHA OIL WEEKLY CHART



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