Soy oil: Near key Fibonacci
After the first leg of the fall, ie. from Rs766.9 to 674, NCDEX refined soy oil formed a pullback. The wave structure shows that it was a complex corrective structure. In terms of Fibonacci retracemen...
Crude palm oil: Opportunity for bears
Crude palm oil had taken support at the rising trendline. Since then it has been riding the up trend. However recently it has formed an ending diagonal and has broken on the downside. This indicates t...
Jeera: Bears tighten grip
Jeera has been in a downtrend. It has broken the rising trendline decisively. Thus it has broken down from the wedge pattern. It has fallen towards the weekly lower Bollinger Band, which is expanding,...
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