Monday 30 December 2013

SOYABEAN TREND & INTRADAY LEVELS 30-Dec-2013

Soyabean is in long- term bull phase .Currently Soyabean is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Soyabean is now trading in oversold level. The Soyabean is now trading in oversold level. The oscillator is showing SELL signal For short term Soyabean is in HOLD SHORT position.Positionally Support for the Soyabean is 3766-3685-.Resistance for the Soyabean is 3842-3851-3855-3875-

Short term and Intraday Level of SOYABEAN

Currently Soyabean is in SELL position The Soyabean is in downtrend For short term buy only if close above 3826.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 3762.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 3825.5 with a stop at 3767.8 Below 3753.6 go for sell and put stop at 3811.3
Intraday Resistance of SOYABEAN are 3805.4 : 3818.6 : 3850 : 3868.1 : 3881.1 : 3894
Intraday Support of SOYABEAN are 3773.6 : 3760.4 : 3726.9 : 3709.1 : 3696.4 : 3683.8

 

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