Technical: Soya Oil Indore - Down Trend In Progress



Technical: Soya Oil Indore - Down Trend In Progress

28 Apr 2017 1:56 pm

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Dated 28/04/2017

Soya Oil Indore - Last Close-618: Down Trend In Progress

Monthly Chart

Correction was expected as per the last update and the same is in progress now.

Expect Soya Oil to correct down to 600-575-565.

Resistance will be at 625-645.

Reversal will happen on rise and close above 645 for a pullback of the fall from recent high.

Conclusion

Correction to 600-575 is likely.

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