co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Although the demand scenario in India is uncertain even though the lockdown situation in various states have started to ease for agricultural activities, the industries continue to stock in lesser Crude Palm Oil as the retail and cosmetic demand is lower in major parts of India, said Subramaniam.
The momentum indicator Relative Strength Index (RSI) is at 51.05, suggests sideways movement in the prices.
The momentum indicator Relative Strength Index (RSI) is at 50.40 which indicates neutral movement in the prices.
The momentum indicator Relative Strength Index is at 62.67, which indicates bullish movement in the prices.
The momentum indicator Relative Strength Index is at 49.39 which indicates neutral movement in prices.
The agri commodity has been trading higher than 50, 100 and 200-days’ moving averages but lower than 5 and 20 days’ moving averages on a daily chart for the May series.
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 66.22, which indicates bullish movement in the prices.
The agri commodity has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 63.24, which indicates bullish movement in the prices.
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index (RSI) is at 62.20, which indicates bullish momentum in the prices.
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.83, which indicates positive momentum in the prices.
The agricultural commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index is at 57.15 which indicates positive momentum in the prices.
Subramaniam said that higher domestic demand for Mustard oil and Soy oil, which happens to be premium oil as compared to crude palm oil is expected to support prices.
Commodities Control has come out with its special report on "Globoil India 2013". According to the research firm, CPO Futures could fall to 2,000 ringgits in January 2014. The decline will depend on good weather in South America, prospect of big Soya crops in Brazil and Argentina and if Brent crude falls below $100/bbl.
Emkay Commodity Research has come out with its report on agro commodities. According to the research firm, CPO is likely to trade higher today taking its cues from higher opening at BMD market.
