Look Zinc chart, if it will break the resistance then we will see 200 – 204+ levels soon and if the zinc will break support then we could see an unexpected downtrend. It may come down up to 187 – 184 levels.
Support Level: 2998 NCDEX Future Index very close to support level. If you like to trade in agri commodities then you must watch this level. Once it will break this level then we could see high selling pressures on major agri commodities.
Soyabean may come down up to 3050 but remember it should not close below this level otherwise we may see big downtrend (upto 2950level). Overall it’s in uptrend.
Targets: 3150 – 3200- 3250+
GUAR SEED IN DOWNTREND LOADING…
Do you like to trade in NCDEX Commodities? You must watch Guar Seed. If we see closing below 3630 level then the guar seed will drop nonstop up to 3560 – 3500 – 3450 levels… Keep note, closing is important here.
GUAR GUM – BEARISH DAY
If we see guar gum closing above 7800 level then leave it but… if you see below to this level then sell without any worry. Targets:7700 – 7600 – 7550
Natural gas at crucial level. Hurdle: 184.5 If natural gas will close below to this hurdle then downtrend will start and it can hit 181 – 178 levels. Keep note, 178 level is a support. If it will break and close below to this support then we may see 175 – 173 level in upcoming days. Remember, if natural gas will remain above 186 level then it can jump upside up to 189 – 192 levels.
Crude Palm Oil – Strong Demand
If you’re a small trader then look Crude Palm Oil. CPO is the unstoppable commodity. We will see 536 – 538 levels soon.
Coriander – Bearish Flag Pattern
Coriander running around the bottom. If it will break 4490 level then we may see 4400 – 4350 levels soon.
Maize – Decreasing Supply
Maize is dropping over 2 months. As per weather reports, we can expect 1225 – 1200 levels before next weekend.