Dated 17/06/2017
Lentil (Masoor) - Canada Crimson – last close -3525- 16/06/2017- Trend remains down
Weekly Chart
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The last violated bottom was 3750.
The lower top is at 3900.
Last pullback swing was from 3750 to 4200.
The retracement on the downside of this swing is at 3265.
Expect in near term 3265 to be tested.
Reversal can resume on breakout and close above lower top 3900.
As long as 3900 is not crossed strongly objective remains to exit long position.
Conclusion
Down trend and is likely to continue towards 3265.
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