Ncdex Soya oil Correction mode
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...
Breaking News
Showing posts with label Soya Oil. Show all posts
NCDEX Soya oil Going for a dip
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....
Ncdex Soya oil Bearish momentum
The adjacent chart shows price movement of NCDEX soya oil August contract. From the high of Rs.616.6, soya oil has been heading towards south. On the occasions of minor degree bounces it has been f...
Soya oil: Scaling higher
The adjacent chart shows the price movement of NCDEX soya oil January contract. The agri-commodity is moving up in a medium-term rising channel. Within that channel it had formed a short-term falli...
NCDEX Soya oil Set for a decline
The adjacent chart shows the price movement of NCDEX soya oil 2-month continuous contract. For the last few sessions it is facing resistance near the key daily moving averages. Structurally it is po...
NCDEX soya oil March short-term uptrend
The adjoining chart is of NCDEX soya oil March contract. We can observe that soya oil has been in a short-term uptrend for the past couple of weeks. It has been forming higher tops and higher botto...
Soya oil all set to boil
The adjoining chart is of NCDEX soya oil October contract. We can observe that soya oil has been correcting sharply for the past few weeks. In the penultimate trading session it formed an engulfing...
Soy oil on a slippery path
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...
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...
Subscribe to:
Posts (Atom)
Author Name
© All Rights Reserved 2008-2009,Shubhlaxmi Investments. Powered by Blogger.