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 Russia's Wheat Reserves Hit Record Highs Amid Stalled E... International Grains Council Boosts 2023/24 Global Corn... Russia Reduces Wheat, Corn Export Taxes; Bans Durum Whe... USDA attache lowers India 2023/24 rice production forec... India Allows 95,000 MT Rice Export to Nepal more Top 5 News Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Top 5 Market Commentary MATAR ICE/ZCE Daily Rates Update ( Time: 20:19 ) - 19 APRL 2... DCE Daily Rates Update ( Time: 20:18 ) - 19 APRL 2024 Clove Prices Remain Stable Across Key Markets Domestic Pepper Prices Decline; Vietnamese Prices Recov...