Buy CPO, Soybean on dips : Geofin Comtra

Geofin Comtrade report on agricultural commoditiesCPO Sep MCX : If prices are able to trade above 403, expect to see upside moves towards 405/408 levelsSoybean Oct NCDEX : If prices successfully trades above 3180, expect to see upside rallies initially towards 3250 or further to 3295 levels.Cocudakl Dec NCDEX : Current selloffs would possible to extend towards 1530/1510 levels.Jeera Oct NCDEX: Jeera prices witnessed a profit booking from 16425 and later closed at 15990 levels. Any-how, prices is now required to break the upper trend line resistance at 16700 of ascending triangle pattern for the bulls to more active towards 16920 followed by 17150 or even further higher towards 17500 levels. Moreover, surprise gain of strength in daily RSI (14) seems supportive for the day. However, unable to break the same could see a choppy trading session for the day. Hence, we recommend to buy only a break above 16700 levels for the day.StrategiesSELL COCUDAKL ON PULLBACKSBUY CPO ON DIPSBUY SOYBEAN ON DIPSFor all commodities report, click here

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