Technical : Black Pepper Garbled Kochi Spot : Down Trend Continues 22 Nov 2017 1:12 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 22/11/2017 Technical : Black Pepper Garbled Kochi Spot : Down Trend Continues Black Pepper- Garbled-Kochi- last close- 425- Down trend continues Down trend and bear market is in progress. The prices are below the long term averages and 55 VA is below 89 VA. At current state prices are in complete bear control which means supply in physical leading to lower and falling prices. At current juncture price reversal is not yet being witnessed. Lower top and lower bottom formation is in place and price to move lower. A rise and close above 454 can halt the fall for minor pullback. The 100% projection of second leg of a-b-c suggests that c can be 382. The 61.8% projection is being test now which is at 428. Conclusion Down Trend continues within the bear market.   Rate this story 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 Guntur Red Chilli (Teja) — Trending Higher / Next Res... Statewise Area/Production of Pepper Statewise Area/Production of Chilli Statewise Area/Production of Dhaniya (Coriander) Statewise Area/Production of Jeera (Cumind Seed) more Top 5 News Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... 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... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 26 Apr 2024 DCE Oil Complex Evening Closing - 26 Apr 2024 DCE Daily Rates Update ( Time: 20:19 ) - 26 APRL 2024 ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 26 APRL 2... Market Wise Urad Arrivals: Supply Down By -15.07% Again...