Thursday 2 January 2014

SOYABEAN TREND & INTRADAY LEVELS

Soyabean is in long- term bull phase .Currently Soyabean is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Support for the Soyabean is 3698-.Resistance for the Soyabean is 3810-3831-3833-3841-3868-

Short term and Intraday Level of SOYABEAN

Currently Soyabean is in HOLD LONG position Soyabean is moving sideways so short term investor better to buy only above 3842.0 or hold with stop at 3763.0 The Soyabean is now trading in highly oversold level. The Soyabean is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 3825.4 with a stop at 3770.8 Below 3757.7 go for sell
Intraday Resistance of SOYABEAN are 3817.8 : 3839.6 : 3880.5 : 3893.5 : 3906.5
Intraday Support of SOYABEAN are 3765.2 : 3743.4 : 3708.6 : 3695.9

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