NCDEX Ref. Soya Oil under fresh buying Resistance seen at 842
India, Dec. 6 -- Technically Ref. Soya Oil market is under fresh buying as market has witnessed gain in open interest by 4.79% to settled at 48205 while prices up 7.6 rupees.Now NCDEX Ref. Soya Oil is getting support at 830 and below same could see a test of 822 levels and resistance is now likely to be seen at 842 a move above could see prices testing 846.Ref. Soya Oil on NCDEX settled up by 0.92% at 837.4on increased buying tracking firm trend in soybean prices. According to Solvent Extractors Association (SEA) India s October edible oil imports rose 13.45 percent y-o-y to 13.32 lakh tons from 11.74 lakh tons in Oct 2018.Export of soymeal from India during April-October of the current fiscal slipped 31% to 3.89 lakh due to higher prices o...
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