MCX Cotton Bales Weekly: Expect Lower Range To Be Tested

Report For Week Dated: 5/10/2015

MCX Cotton Bales Weekly (Price are in INR (Rs)/Bales)

Exit long and sell on rise from 15680 to 16090 with a stop loss of 16270.

Expect lower range of 15450-14810 to be tested.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	15680.0	15953.2	DOWN	15920.0	18.09	14810	15450	15860	16090	16730

*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% O Inc/Dec	Candle	Strategy
15680.0	-0.6	54030	24.5	1743	-4.4	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
45.48	-2.33	6.20	-72.52	7.59	-80.72	28.78	-27.93

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.