Actions came after 5.30pm, on bouts of selling below 2550 lvl…fast and furious all way to 2528 in one go. Soyoil lost 1% in late Asian hours.
Bearish technical outlook as at closing., renewing bears momentum fro another leg dwon after a pause yesterday. While “oversold” rebound can be expected, market is likely to remain a sell on strength mkt unless it can break above 7SMA. Immediate resistance is lowered to 2550++ from 2600.
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