Ncdex Soya Oil Resume downtrend

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From the below chart of Ncdex Soya Oil (Continuous contract), prices are moving in a lower high and lower low fashion. At present juncture, it is hovering near the resistance of the falling red channel. The agro commodity is also below both the moving averages 20 EMA (blue) and 50 SMA (black). Any move below the level of 735 will open negative possibilities dragging prices lower to 731. However, RSI has changed the direction from negative to positive but it is still below the center line.

Ncdex Soya Oil
Ncdex Soya Oil

Ncdex Soya Oil  कीमतें निम्न उच्च और निम्न निम्न फैशन में बढ़ रही हैं। वर्तमान समय में, यह गिरने वाले लाल चैनल के प्रतिरोध के पास घूम रहा है। 735 के स्तर से नीचे कोई भी कदम 731 तक कम कीमतों को खींचने की नकारात्मक संभावनाओं को खुल जाएगा। हालांकि, आरएसआई ने दिशा को नकारात्मक से सकारात्मक में बदल दिया है, लेकिन यह अभी भी केंद्र रेखा से नीचे है।

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