CPO Feb MCX: CPO prices traded higher holding the support at 440.70 to close the day at 447.30 levels. Yesterday, prices penetrated the upper end of falling trend channel of 445 with streaming volume. For the day, if prices stays above the same could witness rallies towards 449.50 followed by 452/456 levels. On the other hand, any trades below 440 would negate the present buying momentum and take prices lower.
Pepper Feb NCDEX: Pepper prices skyrocketed after testing a low of 37845 and closed the session at 38800 levels. Currently, prices impending towards the key 39200 levels, which if cleared could extend the momentum towards 39470 followed by 39800 levels. However, in spite of the daily RSI being in an overbought condition, bullish momentum cannot be ruled out in near future. If unable to do so could see a corrective selling pressure.
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Buy Crude Palm Oil on dips: Geojit Comtrade
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