Dated 16/01/2017
SOYA BEAN INDORE – last close-2925 : Pullback Possibility Remains
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Support cluster on the monthly chart is at 2600-2500.
The support cluster of 2600-2500 is created since the year 2012.
Resistance is at 3500-3600.
Resistance gap is at 3200-3500.
Pullback towards the resistance gap is likely in the near term.
Conclusion
Cover short position at current level or below till 2500 is not violated.
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