As a result of speculators boosting their holdings in reaction to high spot demand, the price of guar gum increased by Rs 47 on Monday, reaching Rs 11,352 per quintal in futures trade. This occurrence occurred as a result of the fact that the commodity was in high demand. The price of guar gum contracts Read More
Guar Gum futures exhibited a consolidative pattern following a notable rebound from previous lows. The contract is presently situated close to the 50-period moving average, which serves as immediate support in the range of 11,300 to 11,190. On the upside, resistance is evident around 11,360 and subsequently at 11,500, where selling pressure has previously materialized. Read More
Due to speculators increasing their holdings in response to solid spot demand, the price of guar gum increased by Rs 137 on Wednesday, hitting Rs 11,263 a quintal in futures trading. This increase was driven by the fact that guar gum prices reached those levels. Guar gum contracts for delivery in June had a gain Read More
The current price levels are located in close proximity to the zone where the 50-hour and 200-hour moving averages converge. The current support is situated in the vicinity of Rs 10,450–10,500, which closely corresponds to the most recent foundational area. There is a substantial retracement level that coincides with the observed resistance, which is located Read More
In the present moment, the price is analyzing support levels in the vicinity of Rs 10,422, which indicates that there is a potential possibility for a comeback. At the moment, the level of resistance is situated at Rs 10,728. The 50-period moving average is situated at Rs 10,850, which is the subsequent location. A bullish Read More
By rebounding from the 200-hour moving average, the current price action indicates that a solid foundation has been built. This is shown by the fact that the basis has been established. The 50-hour moving average is currently situated around approximately Rs 10,790, which acts as a substantial hurdle in the short term. A probable decrease Read More
The current price is located below both the 50-day and the 200-day moving averages, which indicates that a negative trend is now prevalent in the market. The MACD shows that there has been a clear bearish crossing, which suggests that there is a possibility that the downward momentum will continue. The Relative Strength Index has Read More
