Guar recovered towards the end on short covering at the lower levels. A projected decline in the area under Guar along with an overall weak phase of monsoon in the country helped recovery in Guar.
Now support for the guar is seen at 1791 and below could see a test of 1772. Resistance is now likely to be seen at 1822, a move above could see prices testing 1834.
Trade sitting at the comfort of home. Start with a mere 50$Trading Ideas: Guar trading range is 1765-1850.
Guar recovered towards the end on short covering at the lower levels.
Buy guar July above 1815 SL 1800 TGT 1828-1840-1852-1868.
Res is at 1822 above this next res is at 1834-1848 level.
Now imp sup is at 1792 if breaks then 1776-1760 level can be seen.
Courtesy: Kedia Commodities
