Today’s Market Outlook for Agri Commodity Market Trading


Posted August 13, 2014 by CommodityTips

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Agri Commodity Market Update:
• Castor Seed future up by 0.96%, on spot mkt demand.
• Mentha oil future up by 1.32%, on picks-up in demand.
• Soybean future up by 0.34%, on upsurge in demand.

Cardamom future remained higher, prices jumped by 0.96% as speculators enlarged their positions. Turmeric future gained by 0.24% as speculators created fresh positions supported by a rise in spot market demand. Mentha Oil future garnered by 1.32%, as increased demand in the spot market against tight supplies from producing regions.
Technical View of CARDAMOM (SEP)
Trend: Consolidate
Strategy: Buy on Dips
Resistance: R1-956:R2-975
Support: S1-928; S2-909

Technical View of CASTOR SEED (SEP)
Trend: Consolidate
Strategy: Buy on Dips
Resistance: R1-4388: R2-4475
Support: S1-4259: S2-4172

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Last Updated August 13, 2014