Soya oil: Correction mode
Adjacent chart shows price movement of NCDEX soya oil continuous contract. Structurally the oil formed a multimonth triangle, which broke out on the upside. From there th...
NCDEX jeera is moving up in a channelised manner since the beginning of February. It has formed a channel within a channel. The move that has started from the March low has now reached near a cruci...
Adjacent chart shows the price movement of NCDEX soya oil continuous contract. Structurally, the oil formed a multi month triangle, which broke out on the upside. Since then the oil rallied nicely....
Adjacent chart shows price movement of NCDEX turmeric continuous contract. From the high of Rs 10,660, the agri-commodity had entered correction mode. The fall is breaking up into the lower degre...
For several weeks NCDEX soybean was oscillating about the key DMAs. In terms of price patterns, the agri-commodity formed a triangular pattern, which broke out on the upside. Since the breakout th...
Pepper futures slipped for the six trading sessions on the back of reports of Vietnam easing the prices of new crops and arrivals of Indian crops in the local market. The NMCE pepper for the Februa...
The adjoining chart is a weekly chart of NCDEX Jeera. We can observe that Jeera was trading in a sideways manner since April this year and has range broken out on the upside. It faced resistance at...
The adjoining chart is of NCDEX Cotton seed oil cake April contract. We can observe that cotton seed has seen a sharp run-up after breaking out of a triangle. We expect this momentum to continue upto...
The following chart is of NCDEX soy oil April contract. We can observe that soy oil has faced resistance at the 20- daily simple moving average (DSMA) and sold off from
there. It has broken its previ...