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Technical: Black Pepper Garbled Kochi Spot : Downtrend Continues

7 Nov 2017 1:42 pm
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Dated 07/11/2017


Technical: Black Pepper Garbled Kochi Spot : Downtrend Continues

Black Pepper- Garbled-Kochi- last close- 440- 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.

Conclusion
Down Trend continues within the bear market.

       
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