Technical : Soy Oil Indore Spot : Breakout Attempt Witnessed 18 Jan 2018 1:22 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 18/1/2018 Technical : Soy Oil Indore Spot : Breakout Attempt Witnessed Soy Oil Indore : Last Close-: 742 : Breakout attempt witnessed Price is above averages and 55 VA is above 89 VA indicating the bull market. Resistance already witnessed at higher range of 730-735. Breakout above the resistance is being witnessed as last close is around 742. Expect the next lower top which is around 770 to be tested. Correction if any to averages of 706-691 will be for accumulation for Wave 2. Currently breakout rally Wave 1 appears to be in place. A rally towards 820 and 900 could be witnessed. Conclusion Expect near term rally to 820-900. Correction before attaining higher level is for accumulation.   Rate this story 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 :       Post Comment		Latest Special Reports RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... WASDE SOYOIL, SOYMEAL, SOYSEED: April 2024 USDA April WASDE trims 2023-24 global soybean productio... US soybean net sales for March 29-April 4 at 305,300 MT... more Top 5 News Mumbai Black Matpe (Urad) Trending Higher / Next Resis... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Weekly: ICE raw sugar records loss for second week in a... Top 5 Market Commentary Cotton Prices Stable in Andhra & Telangana; Daily Arriv... Stable Cotton Prices Prevail in Maharashtra as Ginners ... Cotton Prices Stagnate in Madhya Pradesh Amid Limited P... Dhaniya 16 apr Red chili 16 Apr