Commodity Trading Tips for Crude Palm Oil by KediaCommodity

Crude-Palm-OilCrude Palm oil yesterday traded with the negative node and settled -0.08%

Commodity Trading Tips for Ref Soya Oil by KediaCommodity

Ref-Soya-OilRef Soyaoil yesterday traded with the negative node and settled -0.84% down at 6

Commodity Trading Tips for Jerra by KediaCommodity

JeeraJeera May contract gained Rs 297 and settled at Rs 15041 per quintal on short cover

Commodity Trading Tips for Turmeric by KediaCommodity

TurmericTurmeric yesterday we have seen that market has moved -1.46% due to sluggish domestic demand

Commodity Trading Tips for Chana by KediaCommodity

ChanaChana dropped Rs 5 and settled at Rs 2306 per quintal as arrival pressures offset lower level demand. Chana is seeing arrival pressure and going forward it may witness some selling pressure also. Production of chana, or chickpea, is likely to fall to 7.37 million tonnes from 7.48 million tonnes a year ago. In Delhi spot market, chana jump up by 12.8 rupee to end at 2225 rupee per 100 kgs. The volume was noted at 81370 lots. Support for chana is at 2294 below that could see a test of 2282. Resistance is now seen at 2324 above that could see a resistance of 2342.

Trading Ideas:

Chana trading range is 2282-2342.

Commodity Trading Tips for Soyabean by KediaCommodity

SoyabeanSoyabean yesterday we have seen that market has moved -0.56% as weakness in the overseas markets outweighed lower soybean stocks. Soybean Harvesting of Brazil's record 70.56-million-tonne soybean crop picked up last week helped by dry weather in most producing areas. At the Indore spot market in top producer MP, soybean gained 3 Rs to 2372Re 100 kgs. Market has opened at 2417 & made a low of 2401.5 versus the day high of 2435. The total volume for the day was at 46620 lots and the open interest was at 166230.Support for soyabean is at 2394 below that could see a test of 2381. Resistance is now seen at 2428 above that could see a resistance of 2448.

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