Monday, 20 February 2012

Commodity Trading 21 Feb

Spot soy oil traded higher Monday on bullish cues from BMD CPO futures. Domestic futures markets closed yesterday for Mahashivratri festival.

Refined soy oil in benchmark Indore market quoted up Rs 1 at Rs 674 per 10 kg and in Mumbai it quoted higher Rs 6 at Rs 674 per 10 kg.

Crude soy oil in Indore market traded up Rs 4 at Rs 644 per 10 kg, while in Mumbai it quoted up Rs 5 at Rs 6487per 10 kg.

Mustard oil in Mumbai quoted higher Rs 7 at Rs 729 per 10 kg, while refined sunflower quoted at Rs 689 per 10 kg.

Cardamom and pepper in India's commodity exchange traded higher for the week on higher demand from both domestic as well as international while, turmeric fell 10.10% during the period.

Global Pepper production in 2012 is expected to increase 7.1% to 3.20 lakh tons as compared to 2.96 lakh tonnes in 2011 with sharp rise of 23% in Indonesia's output and in Vietnam by 10%.

Friday, 10 February 2012

NCDEX Live Quotes

February ncdex Quotes
Geojit Comtrade has appeared out with its address on agronomical commodities. The analysis close has recommended affairs Pepper, Soyabean NCDEX Feb on dips.

February NCDEX Refined soy oil
refined soy oil traded college bygone afterwards it fabricated a low of 689.00 and closed the day at 696.50. If prices consistently to trade over 695(22 day EMA support) may see an acceleration appear 700 followed by 707 levels for the day. Conversely on the lower side, if prices break below 690 may see declivity appear 685/680 levels in the actual run.
Resistances: 699/706/708/712
Supports: 696/691/689/686

February NCDEX Pepper
Pepper prices traded lower and closed the day at 29915. If prices enable to clear cross 30720 (45 day EMA placed) may see prices to accelerate appear 29700 followed by 29500/29350 levels. Conversely, break aloft the same may see prices to trade higher appear 31100 levels for the day.
Resistances: 30010/30505/30721/31111
Supports: 29705/29501/29351