Thursday 27 November 2014

FREE AGRI COMMODITY LATTEST NEWS UPDATE REF.SOYAOIL -27 NOV 2014


Ref. Soyoil likely to trade sideways:-

MUMBAI(Commodity Online): Refined soya oil futures are likely to trade sideways. Ref. Soy Oil December contract plunged 0.75% to 589.95 level on Thursday at India's National Commodity and Derivative Exchange(NCDEX).

Ref. Soya oil is sideways for short term and bullish for intra day. Support for short term is seen at 578 and resistance 605 while intra day support is at 585 and resistance will be 597.

Ref. Soya Oil trading range 586-600, down at 591.30:-

Ref. Soya Oil settled down -0.28% at 591.30 extended losses on Wednesday on higher imports of edible oils, while soybeans fell on weak export demand for soya meal, though thin supplies in local spot markets restricted the downside.


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