Kabuli chickpeas are fascinatingly technical, with our strategy producing favourable results.
We base our analysis on our price index with the results of the previous two crops years below:
We published a Bearish price target of 44 cents in our June 26 newsletter.
Our July 6 newsletter provided the following prophetic comments:
We can see that the price has reached our first Bearish price target.
Perhaps the price consolidates at this level.
Perhaps we will get a bounce back to the previous support at the 48-50 cent level.
Technical analysis can be effective.
Our index price is currently at 51 cents.
What next?
On to the charts.
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