Login ID:
Partner Login
Contact Us : 07666977977

Technical : Soya Bean Doc Indore Spot: Down Trend Still In Progress

14 Nov 2017 1:43 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 14/11/2017

Soya Bean Doc Indore- Last Close 22000 : Down Trend still in progress

Prices are below the averages therefore the trend is down.

Bear market is in progress as 55 VA is below 89 VA.

The last bottom of 22500 has been violated.

Expect slide to 19600-18000.

Any rise from current level or above is for lower top and lower bottom formation till averages are not crossed.

Averages are placed at 23814 and 24310..

Lower top is at 27000.

Whenever rise above 27000 is witnessed then new rally for long term may emerge but for the time being rise to averages or above it opportunity to exit long and sell.

Conclusion –

Rise till average is not crossed and till bull market does not resume objective remains to exit long and sell.

(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

   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 Special Reports
COOIT Pegs Mustard Output At 70.5 Lakh Tonnes For 2017-...
Technical: Sunflower Oil Kakinada Spot : Accumulate
Weekly: Spot RBD Palmolein To Trade Steady To Firm Next...
Weekly: Spot Soybean Likely To Trade Bearish On Weak De...
Technical : Mustard Oil Kachhi Ghani Jaipur Spot : Brea...
Top 5 News
Technical: Wheat Delhi Spot: Expect consolidation At Lo...
Spot Turmeric Prices Moves Up On Lower Arrivals
Technical : Jeera Unjha Spot : Expect Slide Towards 140...
Technical : Dhaniya Kota Spot : Breakout Above 5700 Is ...
India Sugar Production Up 47% Y/Y At 258.06LT - ISMA
Top 5 Market Commentary
DJ Glencore to Issue $500 Mln in Convertible Bonds
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
Spot Mentha Oil Moves Up As Futures Zoom Up To 3.99%
*DJ Glencore Bonds to Have Nominal Value of $200,000
*DJ Glencore to Use Proceeds for Corporate Purposes, Pu...
Copyright © CC Commodity Info Services LLP. All rights reserved.