Domestic Oil Plants May Pare Gains Global Cues Weak

India refined soy oil futures ended the last day rose 0.44% to Rs 669.95 after going to the range of Rs 670.6 to 665.5 per 10 kg. Open interest added 2.96%, and 162 810 tonnes and the volume of trade surrounded by 72 660 tonnes 130 550 tonnes. E-CBOT December soybean oil is currently trading to 56.88, down 0.60 cents, September Nymex crude oil and is currently trading at less than $ 98.83, down $ 1.04 per barrel . (NRI Online Trading account) BMD CPO October contract is currently trading at MYR 3109, up to MYR 31 per tonne, after moving between 3126-3106 MYR tonnne each NRI Demat Account.

Tracking weak global cues, NCDEX refined soybean oil is likely to facilitate the support of Rs 667.90 today, the RS 665.50 and resistance at Rs 670.50, RS 671.20 per 10 kg NRI Share Trading Account.

MCX CPO contract ended in August until the last day of RS 2.40 to Rs 488.60 after going to the range of Rs 489 to 484.50 per 10 kg. The contract is likely to dip in tracking weak global cues with the support of Rs 487.30, while the resistance Rs 489.20 485.50 RS, RS 490.50 per 10 kg PAN Card for NRI.


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