Weekly AgriCommodity Market Outlook for 03-08-2015


Chana future was weak during the week and closed on weak note after consolidation. There is strong trend line support and resistance also in daily and weekly chart so further selling is expected up to support levels.


Dhaniya future was weak during the week and closed on lower levels so selling might be seen on Monday. There is trendline supports in Dhaniya so buying may emerge from the dips after consolidation.


Jeera future was trading moderately weak even high volatility. Lack of demand in physical market kept price weak but lower production supported the prices.


Turmeric sowing area likely to go up during the current sowing period due to good rainfall. In weekly chart Turmeric is moving in a range bound channel so further Buying may emerge in next week.



Today AgriCommodity Market Outlook 03-08-2015

Chana down by 0.04% due to profit booking in spot market.

Mentha oil moved up by 0.96% amid high demand in spot market.

Castor seed went up by 0.05% amid high demand at lower levels.

Turmeric future went down by 1.42% amid profit booking in spot market. Dhaniya went down by 1.01% amid low demand in spot market. Jeera future went down by 1.63% amid speculators exit position market. RM-Seed future went up by 0.58% as speculators made new positions.