Technical: Soybean Indore Spot : Trend Line Resistance Decides The Next Directional Movement 17 Feb 2018 1:33 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 19/02/2018 Technical: Soybean Indore Spot : Trend Line Resistance Decides The Next Directional Movement SOYA BEAN INDORE : Last Close 3650 Trend line resistance is being tested. On further sustained rise and close above 3900 expect a rise towards 4200 and 4500. If Wave B is complete then Wave C can be as low as 4600 which is 61.8% of larger Wave A. Trend line breakout is essential otherwise rise to the trend line can be for Wave (d) and then Wave (e) will be correction for higher bottom. The rally can be as low as 4600 and as high as 5500-6000. Support will be at 3500. Conclusion Expect a near term rally to higher range with volatility.   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		Top 5 News Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Top 5 Market Commentary Market Wise Urad Arrivals: Supply Down By -4.57% Agains... Market Wise Tur Arrivals: Supply Down By -7.08% Against... Peanut Prices See Boost in Saurashtra Due to Milling De... Market Wise Moong Arrivals: Supply Down By -13% Against... Market Wise Matar Arrivals: Supply Down By -18.87% Agai...