11.00 PM IST
Soy oil Update
Soy oil trades down by more than 1% in Indian futures market due to subdued demand in the physical market. Weakness is also seen in the international market as soy oil prices at CBOT also trades down by 2%.
Yesterday when NCDEX Soy oil April Contract was trading at 588.50 level, we posted that market may fall from current levels.
Today till now market has made a low of 579.45. Thus we have seen a fall of Rs. 9. Currently market trades at 580 level.
Again if market close below 584-585 level, then next week also we may witness further fall... may be near 560 level.
Soy oil Update
Soy oil trades down by more than 1% in Indian futures market due to subdued demand in the physical market. Weakness is also seen in the international market as soy oil prices at CBOT also trades down by 2%.
Yesterday when NCDEX Soy oil April Contract was trading at 588.50 level, we posted that market may fall from current levels.
Today till now market has made a low of 579.45. Thus we have seen a fall of Rs. 9. Currently market trades at 580 level.
Again if market close below 584-585 level, then next week also we may witness further fall... may be near 560 level.
NCDEX Soy Oil April Contract
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