CBOT Close Today Due To Memorial Day
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Sugar M Grade Delhi Correction Continues

16 Feb 2019 12:59 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 31/01/2018

Sugar M Grade Delhi- 3340- Correction Continues

Trend is down as prices are below the 55VA and 89 VA.

Bull market structure likely to dismantle.

A retracement of the rise from 2415 to 3929 is being witnessed now.

The 61.8% retracement levels are placed at 2966

The low registered on the correction till now is 3113.

The 61.8% of 2966 is likely to be tested.




Conclusion

Correction phase is in progress to test 3162 and 2966.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Technical: Sugar M Grade Delhi- Trend Line Breakout Is...
Weekly ICE Sugar: Ends Down As Brazilian Real Slumps
Weekly: ICE Sugar Down On Massive Short Selling By Spec...
Weekly ICE Sugar: Ends Down; India, EU Sugar Output See...
Technical: Sugar M Grade Delhi- Trend Line Breakout Is...
more
Top 5 News
Weekly: Pulses Weak On Profit Taking, Liquidity Crunch
Technical: Soya Bean Doc Indore- Accumulate At Lower...
Technical: Soya Bean Indore – Accumulate
Technical: Soya Oil Indore- Correction before a rally i...
Technical: Castor Seed Deesa- Expect higher level to ...
Top 5 Market Commentary
India Daily Cotton Arrivals At 12,000 Bales On May 25
Cotton Trades Higher In Central, South On Restricted Su...
Burma Urad Widens Losses At Close In Mumbai
Madhya Pradesh Sugar Mill Prices – 25 May 2019.
Punjab Sugar Mill Prices – 25 May 2019.
Copyright © CC Commodity Info Services LLP. All rights reserved.