Showing posts with label soya oil futures. Show all posts
Showing posts with label soya oil futures. Show all posts

Wednesday, 7 January 2015

REF. SOYA Oil MARKET RISES ON SHORT COVERING, GAIN AT 649.8

cs soyabean, free agri calls, Free Agri Tips, agri commdity tips, ncdex ref.soyaoil, soya oil futures
  • Ref.Soya oil trading range for the day is 643-655.
  • Ref.Soyaoil settled up by 0.46% at 649.8 as prices seen supported after the government hiked import duty on edible oil. 
  • At the Indore spot market in Madhya Pradesh, soya oil was steady at 672.35 rupees per 10 kgs.
  • Technically market is under short covering as market has witnessed drop in open interest by -1.24% to settled at 73915 while prices up 2.95 rupee.
  • Now Ref.Soya oil is getting support at 646 and below same could see a test of 643 level, and resistance is now likely to be seen at 652, a move above could see prices testing 655.
CS SOYABEAN (JANUARY) TRADING LEVEL

TREND  MIXED TO BULLISH                  STRATEGY: BUY ON DIPS

RESIST 2:3440 || RESIST 1:3415              SUP1:3355 || SUP2:3320










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.