Commodity guarseed for march 11
Posted: Fri Mar 11, 2011 1:46 am
The April future prices for commodity guarseed traded completely lower on commodity yesterday's trading session.
In the commodity market after making a high of 2875 then low of 2765 it settled lower at 2765 levels. The commodity Prices have breached the crucial support at 2775 levels (previous swing lows).
On sustained trade below may lead the prices to further downside. Trading below the daily short term EMA’s suggests downside bias.
The momentum indicator RSI (14) daily ended at 0.366 levels and showing a lower potential. We expect prices to trade lower and recommend selling at resistance levels.
Guar seed NCDEX: Sell April at 2785-80 TP 2750/35 SL 2816
For more you can visit http://commodity-share-tips.blogspot.com/
In the commodity market after making a high of 2875 then low of 2765 it settled lower at 2765 levels. The commodity Prices have breached the crucial support at 2775 levels (previous swing lows).
On sustained trade below may lead the prices to further downside. Trading below the daily short term EMA’s suggests downside bias.
The momentum indicator RSI (14) daily ended at 0.366 levels and showing a lower potential. We expect prices to trade lower and recommend selling at resistance levels.
Guar seed NCDEX: Sell April at 2785-80 TP 2750/35 SL 2816
For more you can visit http://commodity-share-tips.blogspot.com/