MCX Cotton Bales October 2017: Breakout Above 19600 Is Essential 14 Oct 2017 1:11 pm   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 16/10/2017 MCX Cotton Bales October 2017: Breakout above 19600 is essential MCX Cotton Bales: (Price in Rs/Per Bale) Trend is up but looking at the candlestick pattern further rise is likely only if the weekly close is above 19600. Exit long on rise from 18970 to 19600 as the opportunity arises. Expect lower range of 18567-17647 to be tested. DRV-18293 could be tested and oscillation around the same is likely. TREND INFORMATION WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit long 18970.0 18293.7 UP 64.2 1872.00 17647 18567 19083 19487 20407 *Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY Close PRICE G/L% VOLUME % V INC/DEC OPEN INTEREST % OI INC/DEC CANDLE POSITION 18970.0 1.6 126620 64.2 1872 -31.7 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 58.05 6.30 38.16 28.08 191.78 12.24 60.84 10.30 Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...