Technical: Soybean DOC Indore - Pullback Is In Progress

Dated 15/12/2017

Soya Bean DOC Indore - Last Close 23000 - Pullback Is In Progress

Pulllback is in progress to test the averages.

The averages are placed at 23417 and 23920.

Support can be at 22300-22000.

Up trend can resume above 23920 closing.

Bull market can resume when 55 VA is above 89VA.

Currently 55 VA is below 89 VA.

Resistance of averages need to get crossed strongly otherwise price can drift back down again to support level or below.

Conclusion
Minor pullback is in progress.