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US SOYABEAN OIL Trading Tips- Soya Oil Closed below major support, further selling expecting as per technical analysis. (Updated On 21st July 2014, Monday).


US SOYA BEAN OIL




  • US SOYA BEAN OIL has closed below its major support zone, close watch chart indicates its major support will now act a major resistance, as long as Soya Bean oil trades below , it is looking weak.
  • Daily chart also indicates Soya oil trades below 20 days moving average, as long as trades below it will favor bears.
  • If falls further from current levels then will find strong support around 35.65 (161.8% fibonacci retracement resistance).



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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.