On Tuesday morning, Indian vegetable oil complex trades with a negative note due to poor buying interest in the physical markets.
What we mentioned in the earlier posts that market seems heading towards a significant fall in near future seems true.
Confidence is lacking among the buyers while sellers are quite active in the market.
CPO and soybean also looks very weak.
We repeat the technical levels that might be seen in the Indian soyoil futures market in near future.
Current level is 576.
What we mentioned in the earlier posts that market seems heading towards a significant fall in near future seems true.
Confidence is lacking among the buyers while sellers are quite active in the market.
CPO and soybean also looks very weak.
We repeat the technical levels that might be seen in the Indian soyoil futures market in near future.
Current level is 576.
India: NCDEX Soy oil April Contract
S1: 548 S2: 530 R1: 602 R2: 620
NCDEX SoybeanApril Contract
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