MCX NCDEX Agri Commodity Analysis

Likely to witness down trend in Medium Term could go as low as 433 by the end of January 07. Upside resistance pegged at 450.
Although long term positive owing to reduced output. CMP 439

Mustardseed (Feb)
Showing some positive divergence on Daily Chart Stochastics, it is likely to show a small rally on comfortable breakout above 375. CMP 372.9

Castorseed (Feb)
Likely to witness downward pressure in the short term since showing overbought conditions on daily stochastics, up movement with decreasing volatility, overbought on daily Commodity Channel Index,it could touch a level of 370 before 29 january, upside move limited at 378. CMP 374.1

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