Guar Seeds - short term

The Guar Seed on NDX is likely to move up to 1790 and 1810 ranges in few days. It has broken out of a bullish formation, but lots of sell pressure will come in near the 1790 regions before the new rally is to begin. It is not without a reason the formation can also turn into one of the dicey bull traps, where lots of wrecked ships are found enroute.

Guar seeds seems headed up as are the gum, but the present moves are limited in reliabilty.

Happy Weekend

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Mahant!

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