| Commodity | : | Coriander |
| Exchange | : | NCDEX |
| Perspective | : | Very Short Term |
NCDEX JULY CONTRACT
TECHNICALS:
From the chart it is evident that Coriander prices are in a bearish trend and may continue its downtrend for the next week as well. Prices are well below the short term EMAs which supports weakness. Market indicator MACD suggests an increase in bearish sentiments. RSI suggests that the markets are oversold and may see a short term rebound at lows of the market. Overall the trend remains weak. In coming week we expect prices to remain range bound to weak.
OUTLOOK:
Participants may sell at resistances.
WEEKLY SUPPORT AND RESISTANCES (NCDEX):
