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Monday, July 25, 2016

Update on Agri Commodity 25 July 2016









Soyabean




Support at 3580 and Resistance at 3690---3750

Two consecutive closes below 3580 will take to 3450---3380 mark in days to come else it could test its resistance level of 3690---3750 again

Further upside rally will see only close above 3750 mark

Trade with levels only








Soyaref





Support at 625 and Resistance at 650

Close below 625 will take to 610---604 and then to 590 mark in days to come else it could test its resistance level of 650 again

Further upside rally will see only close above 650 mark

Trade with levels only









Rmseed


 


Support at 4900 and Resistance at 5050

Looks weak and could test its support. Three consecutive closes + weekly close below 4900 will take to 4750---4680 mark in days to come else it could test its resistance level of 5050 again

Further upside rally will see only close above 5050 mark

Trade with levels only








Guarseed


 



Made a high of 3980 and now trading around 3850

Now what to expect???

Support at 3850 and Resistance at 4000

Close below 3850 will take to 3780---3730 and then to 3650 mark else it could test its resistance level of 4000 again

Further upside rally will see only close above 4000 mark

Trend still looks positive and could test 4200---4300 level in coming weeks but trade in levels only

3600---3500 will be best trading opportunity in it







CPO




Clearly told to buy around 488---483. It flared and made a high of 524. 

Now what to expect???

Support at 506 and Resistance at 527

Two consecutive closes above 527 will see more upside rally till 538---545+ mark in days to come else it could test its support level of 513---506 again

Further downside panic will see only close below 506 mark

Trade with levels only







Jeera 



As expected.... Rally continues and made a high of 19800 mark. We are regularly holding from 16500 mark

Now what to expect???

Support at 19200 and Resistance at 20000

Three consecutive closes + weekly close above 20000 will see more upside rally till 21800---22500+ mark in days to come

Revise stop loss of 19200 on closing basis




















More will update soon...