Dated 16/08/2018
Lentil (Masoor) - Canada Crimson – Last Close 3750- Another Consolidation Before Next Breakout
The view mentioned is the last update has not changed as prices remained around 3750.
Trend line breakout has been witnessed.
Further follow up rise and close above 4000 can confirm the rally towards 4500-4700.
Support will emerge from the averages which are at 3551.
Consolidation around the average can be witnessed.
Support will be at 3500-3300.
Breakout above 3800 is essential.
Conclusion
Follow up to breakout above 3800 can lead to a rally towards 4500-4700. Consolidation could be seen from current level to 3500.
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