Dated 13/07/2018
Black Pepper-Garbled Kochi- Last Close- 349 Trend Still Down
Trend is down as prices are below the averages.
The 55 VA is below 89 VA indicating a bear market.
The 55 VA and 89 VA are likely to offer resistances which are placed at 389 and 397.
The averages also likely to offer resistance as it try to pullback towards it.
Resistance will be a 379 and 389.
Lower level can be around 300.
Reversal if any has to happen now by moving and sustaining above 357.
Conclusion
Trend remains down therefore objective remains to exit long on the rise.
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