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Ny Cot Exchange Cotton No.2 July 2018 Weekly: Further Rise Is Above 88.10 Closing

12 May 2018 11:18 am
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REPORT For Date 12/05/2018


Ny Cot Exchange Cotton No.2 July 2018 Weekly:
Further Rise Is Above 88.10 Closing

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

Hold long position with a stop loss of 81.35.

Resistance will be at 85.4-87.30.

Lower range can be 82.72-78.14.

Further rise can continue above 88.10 closing.

Traders long and holding the same can use rise to 85.4-87.3-88.10 to exit long and take profits.

Re-enter long if close is above 88.10.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

84.62

80.61

UP

71.43

3.11

78.14

82.72

85.40

87.30

91.88


*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

84.62

-2.6

97460

18.7

138728

-0.7

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

62.49

-12.67

79.61

-15.96

2.57

-2.88

64.19

-25.41






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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