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...
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 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 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,...
Soya bean has given a breakout from a triangle formation on the weekly charts. Soya bean is trading well above its 20- and 40-weekly moving averages of Rs2,427 and Rs2,410 respectively. The momentum i...
