Commodity	:	Cardamom
Exchange	:	MCX
Perspective	:	Very Short Term

MCX JULY CONTRACT





TECHNICALS:
From the chart we can see, Cardamom prices broke the important resistance level of 850 levels which was acting as resistance level. Now 850 is acting as a good support and if prices are able to remain above 850 levels then prices may touch 900 levels in the short term. Prices are above the short term EMAs which supports firm sentiments. Market indicator MACD suggests decline in bearish sentiments. RSI suggests increase in bullish momentum in the markets. Overall the trend remains range bound to firm. In coming week we expect prices to remain range bound with a firm bias and move towards the 900 levels.


OUTLOOK:
Participants may buy at supports.


WEEKLY SUPPORT AND RESISTANCES (MCX):