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Sunday, 22 September 2013

FCPO : Where is the next direction?

FCPO
TF15


Now, at critical level. Either break or rebound. Need another factor to sustain the price. If Monday morning Soybean continue to slip, then expecting price to go lower.



Latest news on Palm Oil.

http://www.bloomberg.com/news/2013-09-22/palm-oil-may-tumble-on-increasing-global-supplies-mistry-says.html

http://www.bloomberg.com/news/2013-09-20/palm-imports-by-india-seen-rising-to-record-on-oilseed-shortage.html


SOYBEAN OIL


Bullish Gartley Pattern.
1st TP already reached with Hammer pattern.
2nd TP is highlighted by green triangle.

Lets see whether price will rebound or continue slipping on Monday morning.

Soybean News

http://www.bloomberg.com/news/2013-09-20/corn-heads-for-weekly-drop-as-rain-bolsters-record-crop-outlook.html

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