CS SOYABEAN UPDATE – 06 September 2013

Indian soybean and soyoil futures fell on Thursday on higher supplies in spot markets and a stronger rupee, while rapeseed edged higher on thin supplies. A strong rupee makes edible oil imports cheaper, but trims returns of oilmeal exporters. The rupee gained its most in a week on Thursday after the new central bank chief, Raghuram Rajan, unveiled a spate of measures to attract more inflows.

CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3445,
SUP2:3390,
RESIST1:3636,
RESIST2:3698.

TRADING STRATEGY: BUY ON DIPS.

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