Login ID:
Password:
Partner Login
Contact Us : 07666977977

India Edible Oil Steady On Quite Global Cues

14 Feb 2017 10:27 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - India crude palm oil futures edged higher, while refined soy oil was flat early Tuesday morning on dismal global cues.

U.S soy oil futures was flat today in the early Asian trade, while Malaysian palm oil futures closed with marginal gains at mid-day break.

Crude palm oil most active February contract on the Multi Commodity Exchange Ltd (MCX) was up 0.12 percent at Rs 571.7/10kg against Rs 571 on previous session. The contract so far has traded in range of Rs 571.5-572.4.

Refined soy oil March contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) was tad down at Rs 684.75/10kg after trading in range of Rs 684-685.8.

According to CC analyst, crude Palm Oil (CPO) February contract trend is down with support seen at Rs 569-563 and resistance is placed at Rs 574-580. Refined soy oil March contract trend is down with support at Rs 682-675 while resistance is placed at Rs 689-697.

(By Commoditiescontrol Bureau; +91-22-40015516)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
India Edible Oil Futures Down Amid Selling Pressure
Soy Oil (FoB) Gains In Argentina On Strong Soy Oil And ...
India Oilseed Futures Up On Buying Interest
DJ Asian CPO Rangebound as Traders Await Production Cla...
DJ USDA Minnesota/North Dakota Daily Oilseed Prices - M...
more
Top 5 News
DJ China Shanghai Rubber Futures Closing Prices, Volume...
DJ China Shanghai Metal Futures Closing Prices, Volume
Andhra Pradesh/Telangana Cotton Market Shuts On Ugadi
DJ U.S. Southeast Cotton Weather - Mar 29
Cotton Steady In Maharashtra
Top 5 Special Reports
Technical: Soy Meal Indore - Expect Pullback Towards Dr...
Technical: Mustard Seed Jaipur- Minor Pullback Towards ...
Import Duty Limits Downside In Wheat Prices
Technical: Soya Bean Indore - Sideways Movement To Be W...
Technical: Refine Soy Oil- Correction is in progress
Copyright © CC Commodity Info Services LLP. All rights reserved.