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Technical : Sunflower Oil Kakinada Spot : Expect Correction Towards Averages

20 Jan 2018 4:20 pm
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Dated 19/01/2018


Technical : Sunflower Oil Kakinada Spot : Expect Correction Towards Averages

Sunflower Oil- Kakinada Last Close : 719


Up Trend has resumed as prices are above both the averages.

Bull Market is in progress as 55 VA is above 89 VA now.

Correction for Wave 2 of Wave (c) is in progress which will test the averages before moving higher.

The averages are placed at 691 and 682.0

Correction is for accumulation on Wave 2.

Further rally is above 695 closing.

Conclusion

Correction is in progress for accumulation at averages.

       
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