NCDEX Ref. Soya Oil under long liquidation Resistance seen at 902
India, Jan. 17 -- Technically Ref. Soya Oil market is under long liquidation as market has witnessed drop in open interest by 7.27% to settled at 58525 while prices down 18.8 rupees.Now NCDEX Ref. Soya Oil is getting support at 881 and below same could see a test of 874 levels and resistance is now likely to be seen at 902 a move above could see prices testing 916.Ref. Soya Oil on NCDEX settled down by 2.07% at 889.2 on profit booking amid sufficient stocks in domestic market and weak demand in physical.The country s oilmeal exports in December 2019 declined 79% to 67 562 tonne as compared to 324 927 tonne in the year-ago period according to data released by the Solvent Extractors Association of India (SEA).The overall export of oilmeals du...
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