Olam 050308

Olam first showed signs of weakening on 1 mar when it broke the uptrend support (low green) and closed right on the downtrend support (low red).



On 2 mar, it broke the downtrend support (low red) and long term uptrend support (blue). However, it still managed to close above the support (blue).

We finally see Olam falling almost to its 22 jan low today, closing below the long term uptrend support (blue) and downtrend resistance (upp red --).

For tomorrow :

Support @ 2.253 (low light blue, upp red --), 2.13 (low red --)
Resistance @ 2.366 (blue), 2.416 (low red), 2.473 (upp light blue)

Good Luck !!