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CZCE Cotton No.1 Sept'18 : Volatility In The Band Continues

14 Apr 2018 1:14 pm
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REPORT For Date 16/04/2018

CZCE Cotton No.1 Sept'18 : Volatility In The Band Continues

Yuan per ton

Sideways volatility has been witnessed for last many weeks without any directional movement.

Bollinger Lower Band was tested 2 weeks back and last week was higher low and higher high indicating swing bottom.

Upside limited to DRV-15382 and to Bollinger Upper Band which is at 15758.

Overall price wise band is 15120 to 16040.

Volatility spike being witnessed in the band 15120 to 16040.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

15330.0

15382.1

DOWN

15290.0

30.03

15042

15232

15323

15422

15612


*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

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

15330.0

0.9

595658

21.7

310360

4.1

Indecisive

Unwinding


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

44.75

9.88

16.03

39.25

-46.96

-16.19

47.33

1.90






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.


       
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