Angel Broking Pvt Ltd
Published on 19/01/2018 11:30:03 AM

Crude Palm oil

Outlook

CPO futures may trade sideways on report of higher imports of CPO and weak international prices. Moreover, higher stocks and cut in base import prices by the government for second half of January may keep prices in a range

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Angel Broking Pvt Ltd
Published on 19/01/2018 11:29:33 AM

Refine Soy Oil

Outlook

We expect Ref Soy oil to trade sideways to lower on cut in base import prices and higher stocks with the stockists. However, reports of improved demand in physical market may support prices

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Angel Broking Pvt Ltd
Published on 19/01/2018 11:28:56 AM

RMseed (Mustard seed)

Outlook

Mustard futures expected to trade sideways to lower due to expectation of technical corrections. However, good physical demand on anticipation of good uptake by oil mills may keep prices supported above MSP.

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Angel Broking Pvt Ltd
Published on 19/01/2018 11:28:23 AM

Soybean

Outlook

Soybean futures are expected to trade sideways to higher on reports of improved oil mills demand and slowing arrivals. Higher incentives for oil meal export, improved estimates for meal exports also supporting soybean prices.

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Enrich Commodities India Pvt.Ltd
Published on 19/01/2018 11:00:46 AM

 

GOLD

Technical outlook

Gold 4hr chart has formed "Ascending broadening wedge” pattern. The last session seems consolidated as the prices have already broken the channel’s support slope line. The same have retested a support level which was previously a resistance near $1325(29480) and turned bullish. The market is likely to continue on bullish momentum, testing all the way through $1335-1340(29730-29855) levels in the upcoming sessions. Resistance holds at $1340(29855).

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