Geofin Comtrade report on agricultural commoditiesJeera Oct NCDEX: Jeera prices sky rocketed in yesterday’s trading session and finally closed at 16435 levels. 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 toward s17500 levels. Moreover, Sudden gain of strength in daily RSI (14) seems supportive for the day. However, unable to break the same could see downside correction towards 16220/16000 levels. Hence, we recommend to break above 16700 levels for the day.CPO Sep MCX : Prices are now required to break the upper resistance of 402 for the following rallies towards 405/408 levelsCocudakl Dec NCDEX : Current selloffs would possible to extend towards 1555/1530/1510 levels.StrategiesSELL COCUDAKL ON PULLBACKSBUY CPO ABOVE 402BUY JEERA ABOVE 16700 For all commodities report, click here
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