The Indian Oilseeds complex is expected to continue the previous gains tracking the strong gains in the global oilseeds market. The Malaysian CPO futures September contract currently trades up at MYR 2879, up MYR 30 per tonne, after moving in the range of MYR 2890-2869 per tonne. The E- CBOT July Soya Oil right now quotes at 48.99, up 0.55 cents per pound, after moving in the range of 49.89- 48.67 cents per pound.
The NCDEX RSO July contract ended the last day up by Rs 4.20 or 0.59% at Rs 719.35 after moving in the range of Rs 720.85-716.90 per 10 kg. The counter is likely to find next resistance at Rs 723, Rs 727 and support is at Rs 716.90, Rs 713 per 10 kg.
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