Boiling News & Veg Oils ,crude

Spot Soya oil prices - June 24
24 Jun 2008 1:09 pm




Mumbai - Following are soy oil prices of various markets in India at morning session. Prices are in Rs. per 10kg, Excluding Value added Tax (VAT).*indicate all paid rates.Soy oil 24/06/08 23/06/08
Min Max Min Max
Mumbai 667 668 667 668
Indore 670 671 672 673
*Akola 690 691 692 693
Alwar 695 698 703 704
*Amravati 688 689 695 696
Bharatpur 695 698 703 704
Bundi 695 696 700 701
Chennai 685 686 690 691
*Kolkata 708 708 713 714
Hyderabad 690 691 690 691
*Jalana 685 690 692 693
Kakinada 680 681 680 681
Kandla 675 676 668 669
*Kanpur 715 716 715 716
*Latur 690 691 695 696
Manglore 675 676 678 679
*Nagpur 705 706 710 711
*Nandad 688 689 693 694
Rajkot 660 665 660 665
*Solapur 690 691 695 696

Spot Groundnut oil prices - June 24
24 Jun 2008 1:05 pm




Mumbai - Following are groundnut oil prices of various markets in India at morning session. All prices are in Rs. per 10kg, Excluding Value added Tax (VAT).Groundnut oil 24/06/08 23/06/08
Min Max Min Max
Mumbai 740 741 750 751
Rajkot 700 710 710 720
Hyderabad 720 721 730 731
Ahemdabad 710 711 715 716
Chennai 690 691 690 691
Kurnool 710 711 710 711
Narsarropeth 715 716 720 721
Prodattour 705 706 705 706
Bikaner 675 680 680 685

Oilseeds down as sowing paces up
24 Jun 2008 10:56 am






Mumbai – Indian vegetable oilseed futures were trading lower on account of the progress in sowing of kharif oilseeds, overnight losses in the US soybean, lack of any bullish cues from global markets and lowering of demand at current high levels.



The Malaysian palm oil futures has ended the morning session unchanged after range-bound movement with very thin volumes traded. The US soy complex had closed down overnight and it is trading mixed currently with July soy oil and July soybean quoting by [+] 18 points and [-] 4 cents on e-CBOT.



The Indian oilseed futures is trading down with the far-month soybean contracts and mustard seed contracts seeing heavy selling pressure with sentiments weakening due to progress in sowing of khariff oilseeds. The overnight losses in US soy complex due to improvement of the weather situation in flooded soy tracts in US are also supporting the selling.



However, the near-month soybean futures is resisting from moving down on account firm demand amid lack of selling pressure and low stocks of oilseeds and edible oils in the domestic market.



The Indian Meteorological Department [IMD] has said that scattered rains were received in Vidarbha and Madhya Pradesh on Monday with heavy rains reported in certain areas. IMD has forecasted that rain/thundershowers are likely at many places over East Madhya Pradesh and Chhattisgarh and Rain/thundershowers are likely at a few places over the rest region today.



Aggressive sowing of soybean is expected to commence this week in central India, with land preparations almost over in most of the region. The current scattered rains would support the commencement of sowing. Industry players are expecting soybean acreage to rise by more than 10% to 10 million hectares this year on account of the high prices and favourable rains.



The July and September soybean contract at National Commodity Derivatives Exchange [NCDEX] at 10.40 hours are trading lower at Rs. 2,645.00 [- 1.00] and Rs. 2,534.00 [- 16.50] per 100 kg respectively with 18,410 tonnes traded. July soybean at National Board of Trade [NBOT] is down at Rs. 2,649.50 [- 2.00] per 100 kg.



July CPO at Multi Commodity Exchange of India is trading lower at Rs. 515.10 [- 1.00] per 10 kg with 860 tonnes traded.



Crude Palm Oil [CPO] at the Bursa Malaysia Derivatives [BMD] has ended the morning session unchanged after highly range-bound trading. The volumes are also very thin, indicating many players are waiting for fresh leads especially June 1-25 exports data, which would be released tomorrow.



The benchmark September contract has ended the session at MYR 3,558.00 [0.00] a tonne with 1,307 lots traded. [MYR=Malaysian Ringitt][1lot=25 tonnes]



The US soy complex closed down on Monday on continued correction continuing their correction from prior gains due to improved U.S. Midwest weather, demand uncertainties and end-of-month position squaring. The weather was reported to be supporting aggressive soybean planting and re-planting in the affected areas. However, losses in soy oil were trimmed by gains in crude oil.



July soybeans settled 17 1/2 cents lower at $15.15 per bushel and November soybeans ended 6 1/2 cents lower at $15.02 1/2. July soymeal settled $7.70 lower at $404.00 per short ton. December soy oil finished 63 points lower at 65.02 cents per pound.



MUSTARD SEED



Mustard seed futures is trading lower on a weak note on account of the favourable weather and quick progress of sowing in khariff oilseeds. The weak sentiments in domestic soybean futures and overnight losses in US soybean market are also weighing on the market sentiments.



While, underlying demand is still strong in the cash market, due to low stocks of edible oilseeds and tight supply situation of oils, many buyers are waiting for the prices to stabilize before aggressive buying.



Most active mustard seed July futures on NCDEX is trading lower at Rs. 639.40 [- 3.55] per 20 kg with 30,490 tonnes traded.



The regional markets are trading lower with August contract at Sirsa and Hapur quoting at Rs. 567.80 [- 0.80] and Rs. 620.70 [- 1.30] per 20 kg respectively.



CASTOR SEED



Castor seed futures is trading lower with profit-booking being seen in response to the selling in the edible oilseed markets. However, participants report that the bullish trend is intact on account of firmness in castor oil in international markets, firm demand in the cash market despite high prices and drop in arrivals.



Castor seed July contract is trading lower at Rs. 564.00 [- 0.50] per 20 kg with 150 tonnes traded.

Oil prices won`t come down: OPEC chief

Brussels, June 24: Oil prices "will not come down," OPEC president Chakib Khelil said Tuesday, assuring that the oil cartel has already done what it can on the matter.

"OPEC has already done what OPEC can do and prices will not come down," Khelil told journalists as he arrived for a meeting with EU energy officials in Brussels.

Mumbai edible oil prices - June 25
25 Jun 2008 10:18 am



Mumbai - Following are the prices of various edible oils at the Mumbai market as on 10.10 a.m. (IST). All prices are in Rs. per 10kg.Excluding Value added Tax (VAT)



Variety/Day
24/06/08 25/06/08 Change
Sunflower oil Exp
685 680 -5
oil Ref
745 740 -5
Groundnut oil
740 735 -5
RBD Palmolein
580 577 -3
Cottonseed oil ref
658 655 -3
Mustard oil
693 688 -5
Ref Soy oil
667 665 -2

Product: FOB Malaysian ports- June 25
25 Jun 2008 10:18 am

Mumbai - Following rates were quoted for RBD Palmolein in India on FOB Malaysian port conditions.

Month
US $/ Per tonnes

July
1207.5

Aug
1207.5

Sep
1205
.................................................. .................................................. .................
Soya bean NCDEX July
25 Jun 2008 8:46 am



The trend is up

The market in the last session completed 38.2 per cent retracement and finds the support of 10 day MA and closed higher.

MACD histogram turned down into negative zone and sustaining this zone one can expect the market to move down.

Those who are long earlier first priority is to book profit at higher level.

As the trend is up therefore enter fresh long above Rs 2675 with stop loss below 2642

Yesterday's Close
2645.00

1 day back Close
2643.00

% Gains/Loss Yesterday
0.08

Trend


Daily Closing Reversal Point
2611.00

Up Trend Date
6-Jun-08

Up Trend Price
2463.00

Current Gain/Loss
182.00

% Gains/Loss
7.39%

Open Interest
30590.00

Previous Days
34890.00

% Increase/Decrease in OI
-14.06

Highest Open Interest of Contract
47960.00

Volumes
38760

Previous Days Volume
36950

% Increase/Decrease in Volumes
4.67

Highest Volume of the Contract
56240


INTRA-DAY LEVELS

Last Close
Daily Closing Reversal

Point
Level 1
Level 2
Center Point
Level 3
Level 4

2645.0
2611.0
2600.0
2622.0
2641.0
2663.0
2682.0
.................................................. .................................................. .................

Mustard Seed NCDEX JULY
25 Jun 2008 8:38 am



The trend has turned down

It was mentioned that the market is likely to test lower range of Rs 638. In the last session the market made low of Rs 636.8. Closing below 636 the market may come down to Rs 628.

MACD histogram turned down into negative zone and sustaining this zone momemtum to the downside move is expected in the market.

Enter fresh short below Rs 636 with stop loss above Rs 642

Those who are short earlier may hold the position with stop loss placed above Rs 642

Yesterday's Close
640.20

1 day back Close
642.45

% Gains/Loss Yesterday
-0.35

Trend


Daily Closing Reversal Point
653.00

Down Trend Date
23-Jun-08

Down Trend Price
642.45

Current Gain/Loss
-2.25

% Gains/Loss
-0.35%

Open Interest
77550.00

Previous Days
78630.00

% Increase/Decrease in OI
-1.39

Highest Open Interest of Contract
114440.00

Volumes
68310

Previous Days Volume
60070

% Increase/Decrease in Volumes
12.06

Highest Volume of the Contract
147170


INTRA-DAY LEVELS

Last Close
Daily Closing Reversal

Point
Level 1
Level 2
Center Point
Level 3
Level 4

640.2
653.0
632.5
636.3
640.7
644.5
648.9

Oilseeds recover on global cues
25 Jun 2008 2:22 pm

Mumbai, June 25 – Indian vegetable oilseed futures has reversed the early losses and is trading higher at noon with fresh buying picking up at low levels, supported by positive cues from the global markets. Indonesia has hiked the export tax on palm oil, which is supporting the current positive sentiments.



The Malaysian palm oil futures is trading higher, in response to hike in Indonesia’s export tax. The US soy complex is also quoting higher in after-hours trading with July soy oil and July soybean quoting up by 13 points and 9.25 cents on e-CBOT. The US soy complex had closed down on Tuesday night.



Indonesia will raise export tax on crude palm oil [CPO] to 20% in July from the current 15% in line with rising international prices of the commodity. The base export price for CPO in July will also be raised to $1,144 a tonne from $1,105 a tonne in June. This has resulted in prices of CPO futures moving up in Malaysia, as players feel the hike can make Malaysian palm oil cheaper and divert some of the demand to Malaysia. The cost of importing palm oil will also increase for India as domestic importers largely buy from Indonesia.



The Indian oilseed futures is trading moderately higher in response to the gains in the global edible oil markets. The market has also seen sufficient liquidation in the previous two sessions, resulting in some fresh buying at current low levels.



However, the overall market tone is still weak on account of the quick progress in sowing of khariff oilseeds this week. The sowing of soybean upto June 20th is 1,03,000 hectares, more than four times the 24,000 hectares in the year-ago period. Industry players are expecting soybean acreage to rise by more than 10% to 10 million hectares this year on account of the high prices and favourable rains.



The sharp hike in repo rate and CRR by the Reserve Bank of India by 50 basis points is also affecting the sentiments, as players are worried it would reduce cash liquidity in the market and supporting speculative selling.



The August soybean contract at National Commodity Derivatives Exchange [NCDEX] at 14.10 hours is trading higher at Rs. 2,629.00 [+ 13.50] per 100 kg with 49,470 tonnes traded. July soybean at National Board of Trade [NBOT] is up at Rs. 2,658.50 [+ 7.50] per 100 kg.



Most active mustard seed August futures on NCDEX is trading higher at Rs. 669.25 [+ 0.90] per 20 kg with 83,690 tonnes traded.



July CPO at Multi Commodity Exchange of India is trading lower at Rs. 510.60 [- 0.30] per 10 kg with 10,880 tonnes traded.



Crude Palm Oil [CPO] at the Bursa Malaysia Derivatives [BMD] is trading higher supported by the hike in export tax of palm oil in Indonesia. The sharp drop in June 1-25 exports is largely being ignored as it was expected.



Malaysia’s palm oil exports have fallen 12.3% on month during the June 1-25 period to 9,26,345 tonnes as estimated by cargo surveyor SGS (Malaysia) Bhd. The figure is higher than an earlier estimate of 899,327 tonnes by Intertek Agri Services. However, it is below market expectations of exports being in the 940,000-950,000 tonnes range.



The benchmark September contract is trading higher at MYR 3,538.00 [+ 35.00] a tonne with 4,727 lots traded. [MYR=Malaysian Ringitt][1lot=25 tonnes]



CASTOR SEED



Castor seed futures is trading sharply higher with fresh buying picking up after profit booking in the previous two sessions. Arrivals in Gujarat are reported to be around 22,000 – 24,000 bags.



Castor seed August contract at NCDEX is trading higher at Rs. 573.50 [+ 8.00] per 20 kg with 1,010 tonnes traded.

Oil jumps above $140 on OPEC, Libya comments
Thursday June 26, 4:48 pm


Oil prices above $140 as OPEC president says prices could pass $150; Libya may cut output

NEW YORK -- Oil futures shot above $140 Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production. The advance raised the likelihood that gasoline prices would also extend their march higher, and that prices of goods and services throughout the economy would also keep rising.

Light, sweet crude crossed the $140 level minutes before the New York Mercantile Exchange closed Thursday, then retreated slightly to settle up $5.09 at a record $139.64. In after-hours electronic trading, prices rose as high as a record $140.39.

Oil's latest milestone came as Chakib Khelil, president of the Organization of the Petroleum Exporting Countries, said he believes oil prices could rise to between $150 and $170 a barrel this summer. Khelil also said prices will decline later in the year, and aren't likely to reach $200 a barrel.

Khelil joined a long list of forecasters who have made bold oil price predictions this year. Each new forecast -- such as Goldman Sachs' recent prediction that prices could rise as high as $200 -- causes a jump in prices as speculative buyers are drawn into the market.

Meanwhile, the head of Libya's national oil company said the country may cut crude production because the oil market is well supplied, according to news reports.

"Shokri Ghanem, the nation's top oil official, declined to say when a decision would be made on whether to lower production, or give any indication of the size of the cut under consideration," said Addison Armstrong, director of market research at Tradition Energy in Stamford, Conn., in a research note.

Oil's move above $140 a barrel was the first for what's known as a front-month crude contract, or the contract with the earliest expiration date. But it was not the August contract's first foray above $140 -- August crude futures rose as high as $140.42 a barrel while July futures were still traded as the front-month crude contract. Many other later contracts have also traded above $140.

The previous trading record for a front-month contract was $139.89, set by the July contract on June 16.

The rising price of oil -- and the accompanying surge in gasoline prices to a national average above $4 a gallon -- has contributed greatly to the growing uneasiness about the economy across the U.S. Consumers forced to pay more for gas and for food and anything else that needs to be transported have been cutting back their spending on non-essentials, and the fear in many quarters is that they will continue to curb their outlays.

Oil prices have more than doubled over the past year on concerns about rising demand in fast-growing economies such as China and India, and supply disruptions in the Middle East and Nigeria. The dollar's protracted decline against the euro has also been a major factor behind oil's rise, as many investors buy commodities such as oil as a hedge against inflation when the dollar falls. Analysts have also attributed oil's rapid climb to speculative buying, with traders jumping into the market purely on the expectation that futures will continue to rise.

Oil's record surge came late in the day on no new news, analysts said, suggesting late-session position squaring by investors.

"A lot of volume comes in the last 45 minutes (of trading)," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.

Oil futures were also rising as investors reassessed comments the Federal Reserve made Wednesday when it held a key interest rate unchanged. Many investors who had expected the Fed to raise interest rates in August now think a rate hike is unlikely until after the November election or next year, said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com.

"Right now, the market's viewing the Fed as powerless," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.

Interest rates affect the dollar; many analysts believe the Fed's rate cutting campaign, which began last September, had much to do with weakening the dollar against the euro and sending oil prices skyrocketing. The dollar slid against the euro after the Fed's comments Wednesday, and was down again on Thursday.

In other Nymex trading Thursday, July gasoline futures rose 11.72 cents to settle at $3.5113 a gallon and July heating oil futures rose 13.42 cents to settle at $3.8834 a gallon. The expiring July natural gas futures rose 35.2 cents to settle at $13.105 per 1,000 cubic feet. Trading in expiring contracts is often volatile.

In London, August Brent crude futures rose $5.50 to settle at $139.83 on the ICE Futures Exchange.

Oilseeds end sharply up on buying
26 Jun 2008 5:32 pm






Mumbai – Indian vegetable oilseed futures closed sharply higher with fresh buying after the recent correction on account of the sharp rally in the US soy markets and reports of more-than-anticipated delay in rains in western India.



The Malaysian palm oil futures closed a tad down after a session of thin, lack-lustre trading. The US soy complex closed rallied overnight with heavy storms again forecasted over the flood-affected areas. The market was trading range-bound during the Indian trading hours, with July soy oil and July soybean quoting up by 1 points and 7 cents on e-CBOT when trading ended in the domestic edible oil markets.



The Indian oilseed futures opened higher and strengthened gains during the course of the day. The sharp overnight rally in the US soy complex brought back investor interest after the recent correction in the markets.



The U.S. weather condition has become a major bullish factor with reports that recent adverse weather might have already affected output. DTN Meteorlogix, a business weather information provider, forecasted rainfall up to 2.5 inches in the next three days, which might result in some renewed flooding and prevent field work and replanting efforts to some extent. The bullish forecast and rally in US market supported the buying in the Indian markets too, as domestic prices are highly correlated to global prices.



The physical markets too moved up with selling interest falling. The tight supply situation of khariff oilseeds in the physical markets, firmness in soymeal and more-than-expected delay in rains returning to western India were also supportive.



Subdued rainfall in Maharashtra and Gujarat in the past fortnight was worrying players. The sowing of soybean and groundnut had commenced aggressively in these states in early June as monsoon was reported to have set in early. However, after the initial heavy rains, the monsoon significantly reduced later.



Meanwhile, the sowing of soybean in east Madhya Pradesh and Vidarbha was reported to be progressing as good rains were received in these areas.



The August soybean contract at National Commodity Derivatives Exchange [NCDEX] closed higher at Rs. 2,660.00 [+ 34.50] per 100 kg with 94,560 tonnes traded. July soybean at National Board of Trade [NBOT] ended up at Rs. 2,684.00 [+ 30.00] per 100 kg.



July CPO at Multi Commodity Exchange of India closed higher at Rs. 510.00 [+ 1.50] per 10 kg with 6,230 tonnes traded, supported by hike in export tax by Indonesia on Wednesday and gains in domestic oilseed markets.



Crude Palm Oil [CPO] at the Bursa Malaysia Derivatives [BMD] closed lower after a session of thin, lackluster trading. Uncertainty about the future direction of palm oil prices in the near term resulted in the market swinging both ways. While, news of bad weather impacting soy plantings was bullish, the weak local fundamentals of palm oil production increasing until September amid consistently weak palm exports were limiting the gains.



The benchmark September contract closed lower at MYR 3,535.00 [- 3.00] a tonne with 1,802 lots traded. [MYR=Malaysian Ringitt][1lot=25 tonnes]



The US soy complex closed sharply higher on Wednesday with heavy storms expected to disrupt planting progress and crop development in the U.S. Midwest. Uncertainty regarding 2008 US acreage and demand ahead of Monday’s US Department of Agriculture’s stocks and acreage reports also supported the heavy buying.



July soybeans settled 36 1/2 cents higher at $15.37 1/2 and November soybeans ended 34 cents higher at $15.25. July soymeal settled $8.90 higher at $410.20 per short ton. December soy oil finished 111 points higher at 64.21 cents per pound.



MUSTARD SEED



Mustard seed futures closed higher supported by the gains in domestic soybean and global edible oil markets. The reports of delay in second-onset of rains in western India were also supportive as it could impact the output of soybean, groundnut and cotton.



The underlying demand was also strong in the cash market, due to low stocks of edible oilseeds and tight supply situation of oils. The demand for mustard oil normally rises during winter months and stockists, crushing units were reported to be stocking mustard seed ahead of that.



Most active mustard seed August futures on NCDEX closed higher at Rs. 678.90 [+ 9.95] per 20 kg with 1,20,410 tonnes traded.



The regional markets ended up with August contract at Sirsa and Hapur settling at Rs. 569.75 [+ 0.75] and Rs. 623.40 [+ 0.70] per 20 kg respectively.



CASTOR SEED



Castor seed futures closed higher with heavy fresh buying being seen on account of the deficit in rains. Reports that crop would be delayed in Andhra Pradesh on account of the delay in sowing were also supportive. Market is expecting the new Andhra crop only by second or third week of November, against normal arrivals in October. The fact that the market would have to sustain on the current stocks till new stocks arrive were supporting speculative buying,



Castor seed August contract at NCDEX closed higher at Rs. 581.80 [+ 9.40] per 20 kg with 2,610 tonnes traded.

The regional markets too closed higher with September contract at Rajkot settling at Rs. 2,945.00 [+ 21.00] per 100 kg.
.................................................. .................................................. .................

Spot Soya oil prices - June 26
26 Jun 2008 12:50 pm
Mumbai - Following are soy oil prices of various markets in India at morning session. Prices are in Rs. per 10kg, Excluding Value added Tax (VAT).*indicate all paid rates.Soy oil 26/06/08 25/06/08
Min Max Min Max
Mumbai 662 663 665 666
Indore 668 669 667 668
*Akola 692 693 690 691
Alwar 697 698 697 698
*Amravati 690 689 688 689
Bharatpur 697 698 697 698
Bundi 693 694 693 694
Chennai 680 681 685 686
*Kolkata 700 701 700 701
Hyderabad 680 681 675 676
*Jalana 685 686 685 686
Kakinada 670 671 670 671
Kandla 665 666 665 666
*Kanpur 710 711 715 716
*Latur 688 689 688 689
Manglore 675 676 675 676
*Nagpur 695 697 700 701
*Nandad 685 686 685 686
Rajkot 655 657 660 665
*Solapur 688 689 687 688
.................................................. .................................................. ..............
Spot Groundnut oil prices - June 26
26 Jun 2008 12:45 pm




Mumbai - Following are groundnut oil prices of various markets in India at morning session. All prices are in Rs. per 10kg, Excluding Value added Tax (VAT).Groundnut oil 26/06/08 25/06/08
Min Max Min Max
Mumbai 735 736 735 736
Rajkot 700 710 700 710
Hyderabad 710 711 715 716
Ahemdabad 700 701 700 701
Chennai 680 681 680 681
Kurnool 705 706 705 706
Narsarropeth 710 711 715 716
Prodattour 695 696 695 696
Bikaner 670 671 670 672
.................................................. .................................................. ................
Maharashtra soybean plant rates - June 26
26 Jun 2008 2:05 pm




Mumbai - Following are the rates offered by soybean plants in Maharashtra today.
Plant
Place
Rates

Kirti
Krishnur
2740

Kirti
Solapur
2760

Kirti
Latur
2750

Tina
Latur
2740

Srinivasa
Nanded
2675

Kohinoor
Nanded
2670

Saismaran
Nanded
2670

New Mah
Dhulia
2770

Disan
Dhulia
2770

Sanjay soya
Dhulia
2770

Chakan
Sangli
2725

Shiv Shakti
supa
2800

Bhakti exp
Jalna
2770

Shivparvati
Hingoli
2670

Siddharth
Akola
2675

Bhaskar
Amravati
2650

Bhaskar
Nagpur
2660

kargil
Nagpur
2650

Shamkala
Bhandara
2670

Tanya
Nagpur
2670
.................................................. .................................................. .............
Madhya Pradesh soybean plant rates - June 26
26 Jun 2008 2:05 pm




Mumbai - Following are the rates offered by soybean plants in Maharashtra today.
Plant
Place
Rates

Laxmi solvex
Dewas
2670

Premier
Dewas
2675

Divya Jyoti
Narsinghpur
2670

Bhaskar Export
Mandideep
2645

Kirti
Dewas
2650

Itarsi oil
Itarsi
2625

Ruchi Soya
Indore
2670

Prestige
Indore
2660

Adani
narsing
2655

Kargil
Indore
2670

Kastra/kirti
Dewas
2650

Gujarat Ambuja
Pritampur
2630

Khetan
Ratlam
2670

Dhanlaxmi
Shajapur
2660

Mumbai edible oil prices - June 27
27 Jun 2008 10:14 am

Mumbai - Following are the prices of various edible oils at the Mumbai market as on 10.10 a.m. (IST). All prices are in Rs. per 10kg.Excluding Value added Tax (VAT)

Variety/Day 26/06/08 27/06/08 Change

Sunflower oil Exp 680 680 -

oil Ref 735 730 -5

Groundnut oil 735 730 -5

RBD Palmolein 572 572 -

Cottonseed oil ref 655 654 -1

Mustard oil 688 695 +7

Ref Soy oil 662 665 +3
.................................................. .................................................. ................
Mustard Seed NCDEX Sep
27 Jun 2008 8:58 am

The trend has turned up

The bulls made an impressive come back later in the session. Closing above Rs 681 the market may proceeds towards Rs 691.

MACD histogram turned down into negative zone but reverting back into positive side one can expect the market to move high.

Enter fresh long above Rs 681 with stop loss below Rs 675
Yesterday's Close
648.90

1 day back Close
668.95

% Gains/Loss Yesterday
-3.09

Trend


Daily Closing Reversal Point
678.20

Up Trend Date
26-Jun-08

Up Trend Price
648.90

Current Gain/Loss
0.00

% Gains/Loss
0.00%

Open Interest
103010.00

Previous Days
95150.00

% Increase/Decrease in OI
7.63

Highest Open Interest of Contract
103010.00

Volumes
63790

Previous Days Volume
71200

% Increase/Decrease in Volumes
-11.62

Highest Volume of the Contract
85750



INTRA-DAY LEVELS
Last Close
Daily Closing Reversal

Point
Level 1
Level 2
Center Point
Level 3
Level 4

678.9
678.2
666.4
672.6
676.0
682.0
685.6
.................................................. .................................................. ..................
Soya bean NCDEX Aug
27 Jun 2008 8:57 am




The trend is up

Higher open interest with positive candle is likely to keep the market up. The market may proceeds towards Rs 2690.

MACD histogram turned down into negative zone but turning up into positive territory the market may witnessed up sides move. Closing above Rs 2666 the market is expected to test higher range of Rs 2690 at least.

As the trend is up therefore enter fresh long above Rs 2666 with stop loss below 2642
Yesterday's Close
2660.00

1 day back Close
2625.50

% Gains/Loss Yesterday
1.30

Trend


Daily Closing Reversal Point
2605.00

Up Trend Date
6-Jun-08

Up Trend Price
2435.50

Current Gain/Loss
224.50

% Gains/Loss
9.22%

Open Interest
48050.00

Previous Days
43830.00

% Increase/Decrease in OI
8.78

Highest Open Interest of Contract
51590.00

Volumes
32030

Previous Days Volume
34690

% Increase/Decrease in Volumes
-8.30

Highest Volume of the Contract
44830

INTRA-DAY LEVELS
Last Close
Daily Closing Reversal

Point
Level 1
Level 2
Center Point
Level 3
Level 4

2660.0
2605.0
2625.0
2642.0
2652.0
2670.0
2679.0
.................................................. .................................................. .................
Castor Seed NCDEX Aug
27 Jun 2008 8:55 am




The trend is up

A breakout has been witnessed in the market and it closed above the previous higher level of Rs 574.2

On continuation of the present momemtum the market is expected to test higher range of Rs 592.

MACD histogram remains in the positive territory and sustaining this zone one can expect the market to move up.

Enter fresh long above Rs 581.8 with stop loss below Rs 575
Yesterday's Close
581.80

1 day back Close
572.40

% Gains/Loss Yesterday
1.62

Trend


Daily Closing Reversal Point
568.40

Up Trend Date
7-Jun-08

Up Trend Price
542.00

Current Gain/Loss
39.80

% Gains/Loss
7.34%

Open Interest
1000.00

Previous Days
840.00

% Increase/Decrease in OI
16.00

Highest Open Interest of Contract
1240.00

Volumes
1020

Previous Days Volume
620

% Increase/Decrease in Volumes
39.22

Highest Volume of the Contract
1020




INTRA-DAY LEVELS
Last Close
Daily Closing Reversal

Point
Level 1
Level 2
Center Point
Level 3
Level 4

581.8
568.4
572.7
577.3
579.5
584.0
586.3