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		Latest Special Reports Weekly: ICE raw sugar futures extend week of loss on am... Weekly: ICE raw sugar futures track oil higher; US plan... Weekly: ICE raw sugar futures returns to weekly loss on... Weekly: ICE raw sugar futures snap four week of loss; g... Weekly: ICE raw sugar futures extend fall for fourth we... more Top 5 News Canadian Lentil Prices Hit Record Highs, Outlook Remain... Canadian Chickpea Prices Hit Record High, Outlook for 2... Canadian Dry Pea Market Sees Price Rise Despite Export ... Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... Top 5 Market Commentary Slowdown in Castor Arrivals Leads to Price Increase in ... Gujarat Poised for Higher Summer Groundnut Production, ... Malaysia's Apr 1 - 20 palm oil exports rises 14.32 pct... All India Steel Rates 20 Apr 2024 Mumbai Minor Metal 20 Apr 2024