login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Toor Lemon Mumbai - Reversal Witnessed

24 Aug 2017 1:42 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 24/08/2017

MUMBAI TOOR LEMON- last close 23/08/2017- 4275: Reversal witnessed

Monthly Chart




Reversal has been witnessed and rise for pullback on monthly chart to 5072 is likely from current level of 4275.


Support will be at 4000-3600.


Swing bottom is at 3050 and correction down to support is for accumulation.


Consolidation at lower range can happen.


Conclusion


Last update, we had indicated that swing can turn up above 3950.


A rise above 3950 was witnessed and high registered till date is 4400.


Expect 5072 to be tested in near term to short term.


       
  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 :  
   

Post Comment  

Latest Special Reports
Black Matpe Polished (AP) Consolidating Above Key Supp...
Black Matpe Unpolished (AP) Consolidating in an Uptren...
Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne...
Mumbai Masur Canada Crimson Container Weak Price Trend...
Canadian Lentil Prices Hit Record Highs, Outlook Remain...
more
Top 5 News
US Cotton net export sales for April 12-18 at 177,100 R...
US soybean net sales for April 12-18 at 210,900 MT, dow...
Black Matpe Polished (AP) Consolidating Above Key Supp...
Black Matpe Unpolished (AP) Consolidating in an Uptren...
Castor Oil (Kadi) Weak Price Trend / Next Support at R...
Top 5 Market Commentary
ICE raw sugar futures end lower on robust Brazilian out...
ICE cotton futures end mixed after positive US exports ...
Gold prices on course for weekly fall ahead of US infla...
CBOT wheat futures set to post biggest weekly rise in 2...
Crude oil prices gain on receding economic headwinds
Copyright © CC Commodity Info Services LLP. All rights reserved.