Wednesday 1 January 2014

SOYA_OIL TREND & INTRADAY LEVELS 02-Jan-2013

Soya_oil is bearish for medium-long term .Currently Soya_oil 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 oscillator is showing BUY signal For short term Soya_oil is in HOLD SHORT position.Positionally Support for the Soya_oil is 691-.Resistance for the Soya_oil is 702-708-716-717-

Short term and Intraday Level of SOYA_OIL

Currently Soya_oil is in HOLD LONG position In short term Soya_oil is in strong up trend so hold with stop at 692 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 703 with a stop at 691.5 Below 688.7 go for sell with stop at 700.1
Intraday Resistance of SOYA_OIL are 697.9 : 699.6 : 709.9 : 715.5 : 723.3 : 731.2 : 736.8 : 742.5
Intraday Support of SOYA_OIL are 693.7 : 692 : 683.5 : 678.1 : 670.5 : 663 : 657.6 : 652.3

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