Tuesday, 21 April 2015

Short Term correction likely in Soy oil in Indian Market

After witnessing a positive movement since start of the April month, it seems that short term correction is due in Indian soy oil market.

Prices are getting resistance on current levels.

NCDEX Soy oil June contract :
Resistance = 591     Support = 582

Selling near current levels i.e 587 may result in to some gains in short term.


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