23.12.2008 - Crude still weak; may go down to $30: PJ Commodities
From Moneycontrol.com: Shreekant Jha of PJ Commodities feels crude still remains weak. "We feel it may go down to USD 30 per barrel, which is the next support. If it moves up at all, there is a resistance at USD 45 per barrel or USD 52 per barrel," he said. The agro commodities are doing a little better. Edible oil was down for a while but now even things like RM seed have started to move up and trade on the upside. So we are looking at it to be a little bullish now. Soya, too, has been moving up...... Full Article: Source
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