Pepper prices slipped lower from 38200 and closed the day at 37310. As long as prices stay above the 13 day EMA support of 37100, bullish outlook is likely to persist and could bring back short coveing rally to 37670 followed by 38000/38500 levels. An overbought condition in RSI could possibly set off the bullish momentum in the immediate run. Major weakness is seen only below 36000 levels with stiff volume..
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