Ny Cot Exchange Cotton No.2 May 2018 Weekly: Higher Range Is To Take Profits

REPORT For Date 12/03/2018

Ny Cot Exchange Cotton No.2 May 2018 Weekly: Higher Range Is To Take Profits

NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):

Traders long and holding the same can revise up the stop loss to 80.

Resistance will be at 86.84-86.60.

Support will be at 84.28-81.95.

Higher range of 86.64-91.73 can be used to take profits.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	84.52	78.35	UP	81.3	23.02	77.06	81.95	84.28	86.84	91.73

*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
84.5	3.0	125548	32.3	-	-	Positive	-

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
68.76	5.78	75.58	49.95	2.76	9.83	65.96	9.03

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.