| Commodity | : | Black Pepper |
| Exchange | : | NCDEX |
| Perspective | : | Very Short Term |
NCDEX JULY CONTRACT
TECHNICALS:
From the chart, we could depict that Black pepper prices are moving range bound between 28600-30600 levels which is also acting as a good support and resistance and breaching the levels either side will further give the price direction. Prices are below the short term EMAs which supports weakness. Market indicator MACD suggests increase in bullish sentiments. RSI suggests increase in bearish momentum in the markets. Overall the trend remains range bound to weak. In coming week we expect prices to remain range bound within 28500-30600 levels.
OUTLOOK:
Participants may buy at supports.
WEEKLY SUPPORT AND RESISTANCES (NCDEX):
