Tuesday 31 December 2013

SOYABEAN TREND & INTRADAY LEVELS 31-Dec-2013

Soyabean is in long- term bull phase .Currently Soyabean is in strong downtrend with good momentum 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 3688-.Resistance for the Soyabean is 3799-3838-3846-3850-3872-

Short term and Intraday Level of SOYABEAN

Currently Soyabean is in SELL position Soyabean is in down trend so buy above 3810.0 The sell will again come if below 3762.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 3806.4 with a stop at 3751.8 Below 3738.7 go for sell
Intraday Resistance of SOYABEAN are 3798.8 : 3820.6 : 3863.4 : 3876.3 : 3889.3

 

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