Technical : Soybean Indore Spot : Trend Line Resistance Decides The Next Directional Movement 22 Mar 2018 4:48 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 22/03/2018 Technical : Soybean Indore Spot : Trend Line Resistance Decides The Next Directional Movement SOYA BEAN INDORE – Last Close 3626 - Trend line resistance is being tested. On further sustained rise and close above 3900 expect a rise towards 4200 and 4500. If Wave B is complete then Wave C can be as low as 4600 which is 61.8% of larger Wave A. Trend line breakout is essential otherwise rise to the trend line can be for Wave (d) and then Wave (e) will be correction for higher bottom. The rally can be as low as 4600 and as high as 5500-6000. Support will be at 3500. The 55VA and 89 VA are placed at 3217 and 3177. Conclusion Expect a near term rally to higher range with volatility Accumulate at correction to averages of 3217 and 3177.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Mumbai Black Matpe (Urad) Trending Higher / Next Resis... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Weekly: ICE cotton futures post extend fall for sixth s... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 16 Apr 2024 DCE Oil Complex Evening Closing - 16 Apr 2024 Clove Prices Remain Stable in Key Markets Domestic Pepper Prices Surge; Vietnamese Prices Decline... Small Cardamom Prices Witness Uptick; Marginal Decline ...