Dated 14/03/2017
WHEAT SPOT DELHI- Last Close-1973 – Expect Pullback For Near Term
Monthly Chart
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The rise from 1464 to 2391 during the period April 2015 to November 2016 was retraced to 1813 which is 61.8% retracement.
The low registered was 1828.
Expect a rise towards 2178 for near term.
Further weakness is below 1810.
Conclusion
Expect near term rise with volatility towards 2178.
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