Weekly

Weekly Commodity Outlook:-


HIGHLIGHTS:

Jeera tumbled nearly four percent last week to once again jump into the mid-term bearish territory. On weekly chart, the aromatic spice with great therapeutic characteristics ended in an almost full black candlestick, raising concerns that the correction may continue this week as well. A short term trend line breakdown along with an insider pattern breakdown can also be seen on daily chart. However, the primary trend is still on bullish track in Jeera BUT it is also a fact that bulls are fast the title with every trading day. Those who are stuck in long term buying in Jeera must wait for another week to see if any support level can be worked out to plan an exit.                       

Tags: Technical


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