Today’s AgriCommodity Market Outlook 26-Aug-2014


Posted August 26, 2014 by CommodityTips

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Agri Commodity Market Update:
• Chana futures went down by 1.07%, on sluggish demand.
• RM seed future picks up by 2.20%, on spot mkt demand.
• Mentha oil fut fell by 2.76%, on subdued demand in market.

RM Seed future continue trade in upside, went up by 2.20%, as traders created positions. Cardamom future went down by 3.65%, on profit booking. Chana future declined by 1.07%, as speculators trimmed positions amidst increased supplies from producing regions in spot markets. Soybean future slipped by 1.41%, amid weak trend

Technical View of CARDAMOM (SEP)
Trend: Consolidate
Strategy: Sell on High
Resistance: R1-961:R2-980
Support: S1-932; S2-913

Technical View of CASTOR SEED (SEP)
Trend: Consolidate
Strategy: Buy on Dips
Resistance: R1-4239: R2-4323
Support: S1-4114: S2-4030

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Last Updated August 26, 2014