Technical : Soy Oil Indore Spot : Breakout Attempt Witnessed 18 Jan 2018 1:22 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 18/1/2018 Technical : Soy Oil Indore Spot : Breakout Attempt Witnessed Soy Oil Indore : Last Close-: 742 : Breakout attempt witnessed Price is above averages and 55 VA is above 89 VA indicating the bull market. Resistance already witnessed at higher range of 730-735. Breakout above the resistance is being witnessed as last close is around 742. Expect the next lower top which is around 770 to be tested. Correction if any to averages of 706-691 will be for accumulation for Wave 2. Currently breakout rally Wave 1 appears to be in place. A rally towards 820 and 900 could be witnessed. Conclusion Expect near term rally to 820-900. Correction before attaining higher level is for accumulation.   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 Rajkot Groundnut Oil Loose Correction Underway / Next ... US soybean net sales for April 12-18 at 210,900 MT, dow... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Mustard Oil (Jaipur) Trending Lower / Next Support at ... Soy Refined Oil (Indore) Trading Near Key Resistance (... more Top 5 News Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 26 Apr 2024 DCE Oil Complex Evening Closing - 26 Apr 2024 DCE Daily Rates Update ( Time: 20:19 ) - 26 APRL 2024 ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 26 APRL 2... Market Wise Urad Arrivals: Supply Down By -15.07% Again...