EPIC RESEARCH NCDEX REFSOYAOIL UPDATE OF 13 JULY 2016

Refined soy oil futures (Aug) is expected to consolidate with a downside bias in the range of 625-630 levels. CPO futures (July) will possibly slip further towards 480 levels respectively tracking bearish fundamentals of their counterparts on the international markets. Malaysian palm oil futures plunged to a near 10-month low at 2,188 ringgit ($552.53) a tonne on Tuesday after data showed exports plummeted more than expected and on an appreciating ringgit.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co