1.26 PM [INDIAN STANDARD TIME]
In the light of the subdued demand, the soy oil market condition still looks weak.
CBOT:
Soy Oil March Contract
Current
Level : 31.53
If it
starts closing below 31.50 level, the more correction might be seen. The next
good support seems at 630.15 level.
If it
is able to close above 32 level, then fresh strength might be seen.
However,
possibility of downside movement is more.
NCDEX:
Soy Oil April Contract
Market
seems weak.
Current
Price: 589.95
Support:
584
Resistance:
594
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