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Technical: Soy Oil Indore Spot : Breakout Attempt Witnessed

16 Feb 2018 1:49 pm
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Dated 16/02/2018


Technical: Soy Oil Indore Spot : Breakout Attempt Witnessed

Soya Oil Indore : Last Close-: 742


Price is above averages and 55 VA is above 89 VA indicating the bull market.

Expect a rise towards 754 or above.

Correction to averages of 710 and 696 will offer support.

Conclusion

Expect near term rally to 820-900.

Correction before attaining higher level is for accumulation.

       
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