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Technical: Soy Oil Indore Spot: Accumulate On Correction

7 Apr 2018 11:29 am
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Dated 07/04/2018


Technical: Soy Oil Indore Spot: Accumulate On Correction

Soy Oil Indore- Last Close-: 778



A rally towards 900 is likely in due course if time with volatility.

Bull market is in place in Soya Oil.

Support will be at 734 and 716.

Correction to support and averages 55 VA and 89 VA can be the support for accumulation.

Conclusion

Accumulation at lower level is key as overall higher top and higher bottom formation is likely.

Rise is likely to make a new near-term top for correction and higher bottom to eventually move higher.

       
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